Arbutus Biopharma Q2 EPS $(0.10) Beats $(0.12) Estimate, Sales $4.65M Miss $5.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbutus Biopharma reported Q2 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.12) by 16.67%. However, the company's quarterly sales of $4.65 million missed the analyst consensus estimate of $5.02 million by 7.35%, marking a 67.34% decrease from the same period last year.
August 04, 2023 | 1:03 pm
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Arbutus Biopharma's Q2 earnings beat estimates but sales missed, indicating mixed financial performance.
Arbutus Biopharma's Q2 earnings beat estimates, which could be seen as a positive sign by investors. However, the significant decrease in sales compared to the same period last year could negatively impact investor sentiment, potentially leading to volatility in the stock's price.
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