Cerevel Therapeutics Hldg Q2 EPS $(0.63) Beats $(0.65) Estimate; Cash, Cash Equivalents And Marketable Securities Of $825.1M Expected To Fund Operations Into 2025
Portfolio Pulse from Benzinga Newsdesk
Cerevel Therapeutics Hldg (NASDAQ:CERE) reported Q2 losses of $(0.63) per share, beating the analyst consensus estimate of $(0.65) by 3.08%. This is a 3.28% decrease over losses of $(0.61) per share from the same period last year. The company's cash, cash equivalents and marketable securities of $825.1M are expected to fund operations into 2025.
August 04, 2023 | 10:50 am
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Cerevel Therapeutics Hldg reported better than expected Q2 losses and has significant cash reserves to fund operations into 2025.
Cerevel Therapeutics Hldg reported a smaller than expected loss for Q2, which is generally seen as positive by investors. Additionally, the company's significant cash reserves indicate a strong financial position, which could also positively impact the stock price.
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