Longeveron Q2 EPS $(0.27) Misses $(0.25) Estimate, Sales $217.00K Miss $400.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Longeveron (NASDAQ:LGVN) reported Q2 losses of $(0.27) per share, missing the analyst consensus estimate of $(0.25) by 8 percent. The company's quarterly sales were $217.00 thousand, missing the analyst consensus estimate of $400.00 thousand by 45.75 percent. This represents a 53.43 percent decrease over sales of $466.00 thousand from the same period last year.
August 11, 2023 | 11:31 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Longeveron's Q2 earnings missed estimates, with losses greater than expected and sales significantly lower than predicted. This could negatively impact investor sentiment.
Longeveron's Q2 earnings report shows both a greater loss per share and lower sales than analysts predicted. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100