Codexis Q2 EPS $(0.17) Beats $(0.23) Estimate, Sales $21.32M Beat $18.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Codexis (NASDAQ:CDXS) reported Q2 losses of $(0.17) per share, beating the analyst consensus estimate of $(0.23) by 26.09%. Quarterly sales were $21.32 million, surpassing the estimate of $18.09 million by 17.87%. However, this represents a 325% increase in losses and a 44.48% decrease in sales compared to the same period last year.
August 04, 2023 | 2:35 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Codexis reported better than expected Q2 results, but with increased losses and decreased sales YoY. This mixed result could lead to uncertain market reactions.
While Codexis beat Q2 estimates, the significant increase in losses and decrease in sales compared to last year could worry investors. This mixed result may lead to an uncertain short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100