Emergent BioSolutions shares are trading lower after the company reported worse-than-expected Q2 EPS results and issued Q3 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Emergent BioSolutions reported worse-than-expected Q2 EPS results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.
August 09, 2023 | 4:24 pm
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NEGATIVE IMPACT
Emergent BioSolutions' shares are trading lower due to worse-than-expected Q2 EPS results and lower Q3 revenue guidance.
Emergent BioSolutions' shares are trading lower as the company reported worse-than-expected Q2 EPS results and issued Q3 revenue guidance below estimates. This negative financial performance is likely to impact investor confidence and could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100