Cassava Sciences Q2 EPS $(0.63) Misses $(0.59) Estimate
Portfolio Pulse from Happy Mohamed
Cassava Sciences reported Q2 losses of $0.63 per share, missing the analyst consensus estimate of $0.59 by 6.78%. This represents a 31.25% increase in losses compared to the same period last year.
August 04, 2023 | 1:25 pm
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NEGATIVE IMPACT
Cassava Sciences' Q2 earnings missed analyst estimates, with losses increasing by 31.25% compared to the same period last year.
Cassava Sciences reported higher than expected losses for Q2, missing analyst estimates. This negative earnings surprise could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100