Axcella Health Q2 EPS $(0.05) Beats $(0.06) Estimate; Cash And Cash Equivalents Of $8.9M
Portfolio Pulse from Benzinga Newsdesk
Axcella Health (NASDAQ:AXLA) reported Q2 losses of $(0.05) per share, beating the analyst consensus estimate of $(0.06) by 16.67%. This represents an 87.5% increase over losses of $(0.40) per share from the same period last year. The company also reported cash and cash equivalents of $8.9M.
August 04, 2023 | 1:04 pm
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Axcella Health's Q2 results beat estimates, with losses per share improving by 87.5% YoY. The company also has a healthy cash position of $8.9M.
Axcella Health's better-than-expected Q2 results and improved YoY performance could positively impact investor sentiment, potentially driving the stock price up in the short term. The company's strong cash position also indicates financial stability, which is a positive signal for investors.
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