Celcuity Q2 Adj EPS $(0.58) Beats $(0.60) Estimate
Portfolio Pulse from bharat@benzinga.com
Celcuity reported Q2 losses of $(0.58) per share, beating the analyst consensus estimate of $(0.60) by 3.33 percent. However, this represents a 5.45 percent decrease over losses of $(0.55) per share from the same period last year.
August 10, 2023 | 8:14 pm
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NEUTRAL IMPACT
Celcuity's Q2 losses were less than expected but higher than last year's. This mixed result may lead to uncertain market reactions.
Celcuity's Q2 results are a mixed bag. While the company beat analyst estimates, the fact that losses are higher than the same period last year could be a cause for concern among investors. This could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100