23andMe Holding Q1 EPS $(0.23) Misses $(0.15) Estimate
Portfolio Pulse from Benzinga Newsdesk
23andMe Holding reported Q1 losses of $(0.23) per share, missing the analyst consensus estimate of $(0.15) by 53.33 percent. This represents a 15 percent increase in losses compared to the same period last year.
August 08, 2023 | 8:23 pm
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NEGATIVE IMPACT
23andMe's Q1 losses were greater than expected, which could negatively impact investor sentiment and the company's stock price in the short term.
23andMe reported higher than expected losses for Q1, missing analyst estimates by 53.33%. This negative financial performance could lead to a decrease in investor confidence, potentially driving the company's stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100