Axsome Therapeutics Q2 EPS $(1.54) Misses $(1.24) Estimate, Sales $46.70M Beat $40.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Axsome Therapeutics reported Q2 losses of $(1.54) per share, missing the analyst consensus estimate of $(1.24) by 24.19 percent. This is a 45.28 percent decrease over losses from the same period last year. However, the company reported quarterly sales of $46.70 million, beating the analyst consensus estimate of $40.19 million by 16.20 percent, a 429.48 percent increase over sales from the same period last year.
August 07, 2023 | 11:04 am
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NEGATIVE IMPACT
Axsome Therapeutics reported a larger than expected loss for Q2 but beat sales estimates.
The company reported a larger than expected loss, which is likely to negatively impact the stock price. However, the higher than expected sales could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100