Xencor Q2 EPS $(0.37) Beats $(0.91) Estimate, Sales $45.52M Beat $20.73M Estimate
Portfolio Pulse from totan@benzinga.com
Xencor (NASDAQ:XNCR) reported Q2 losses of $(0.37) per share, beating the analyst consensus estimate of $(0.91) by 59.34%. This is a 35.09% increase over losses from the same period last year. The company also reported quarterly sales of $45.52 million, beating the analyst consensus estimate of $20.73 million by 119.60%. This is a 50.86% increase over sales from the same period last year.
August 04, 2023 | 2:27 pm
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POSITIVE IMPACT
Xencor's Q2 results exceeded expectations with a smaller loss and higher sales than estimated. This could potentially lead to a positive short-term impact on the stock.
Xencor's Q2 results exceeded analyst estimates, with a smaller loss and higher sales than expected. This positive financial performance could increase investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100