Pliant Therapeutics Q2 EPS $(0.70) Beats $(0.71) Estimate, Sales $248.00K Miss $880.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Pliant Therapeutics (NASDAQ:PLRX) reported Q2 losses of $(0.70) per share, beating the analyst consensus estimate of $(0.71) by 1.41%. However, the company's quarterly sales of $248.00K missed the analyst consensus estimate of $880.00K by 71.82%. This represents a 95.03% decrease over sales of $4.99M in the same period last year.

August 09, 2023 | 8:52 pm
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Pliant Therapeutics reported better than expected Q2 EPS but significantly missed on sales.
While Pliant Therapeutics beat the EPS estimate, the significant miss on sales, which decreased by 95.03% compared to the same period last year, is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100