InflaRx Q2 Adj EPS $(0.15) Beats $(0.34) Estimate
Portfolio Pulse from Benzinga Newsdesk
InflaRx (NASDAQ:IFRX) reported Q2 losses of $(0.15) per share, beating the analyst consensus estimate of $(0.34) by 55 percent. This represents a 1630 percent decrease over earnings of $0.01 per share from the same period last year.
August 10, 2023 | 1:01 pm
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NEUTRAL IMPACT
InflaRx's Q2 losses were less than expected, but still represent a significant decrease from last year's earnings.
While InflaRx's Q2 losses were less than expected, the significant decrease from last year's earnings could potentially concern investors. However, the fact that the losses were less than expected could also be seen as a positive sign, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100