Synlogic Q2 EPS $(0.21) Beats $(0.24) Estimate, Sales $35.00K Miss $126.33K Estimate
Portfolio Pulse from Benzinga Newsdesk
Synlogic (NASDAQ:SYBX) reported Q2 losses of $(0.21) per share, beating the analyst consensus estimate of $(0.24) by 12.5%. However, the company's quarterly sales of $35.00K missed the analyst consensus estimate of $126.33K by 72.29%, marking a 76.97% decrease from the same period last year.
August 10, 2023 | 10:52 am
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NEGATIVE IMPACT
Synlogic's Q2 earnings beat estimates but sales significantly missed expectations and decreased YoY.
While Synlogic beat earnings estimates, the significant miss on sales and the large YoY decrease could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100