Zai Lab Q2 EPS $(1.25) Misses $(0.74) Estimate, Sales $68.86M Miss $71.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zai Lab (NASDAQ:ZLAB) reported Q2 losses of $(1.25) per share, missing the analyst consensus estimate of $(0.74) by 68.92%. The company also reported quarterly sales of $68.86 million, missing the analyst consensus estimate of $71.40 million by 3.55%. However, this represents a 42.94% increase over sales from the same period last year.
August 07, 2023 | 8:46 pm
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Zai Lab's Q2 earnings missed analyst estimates, which could negatively impact the stock price in the short term.
Zai Lab's Q2 earnings missed analyst estimates both in terms of EPS and sales. This could lead to a negative sentiment among investors, potentially causing a short-term dip in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100