Iovance Biotherapeutics Q2 EPS $(0.47) Beats $(0.80) Estimate, Sales $238.00K Miss $3.58M Estimate
Portfolio Pulse from vinayak@benzinga.com
Iovance Biotherapeutics reported Q2 losses of $(0.47) per share, beating the analyst consensus estimate of $(0.80) by 41.25%. However, the company's quarterly sales of $238.00K missed the analyst consensus estimate of $3.58M by 93.35%.
August 08, 2023 | 8:13 pm
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Iovance Biotherapeutics' Q2 EPS beat estimates but sales missed significantly. This mixed result could lead to uncertainty in the market.
While Iovance Biotherapeutics beat EPS estimates, which is generally a positive signal, the significant miss on sales could be a cause for concern. This mixed result could lead to uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100