Clene Q2 EPS $(0.29) Misses $(0.12) Estimate, Sales $269.00K Beat $120.00K Estimate
Portfolio Pulse from Happy Mohamed
Clene (NASDAQ:CLNN) reported Q2 losses of $(0.29) per share, missing the analyst consensus estimate of $(0.12) by 141.67%. This is a 314.29% decrease over losses from the same period last year. However, the company's quarterly sales of $269.00K beat the analyst consensus estimate of $120.00K by 124.17%, marking a 668.57% increase over sales from the same period last year.
August 14, 2023 | 12:22 pm
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NEGATIVE IMPACT
Clene's Q2 earnings per share missed estimates, but sales exceeded expectations.
Clene's Q2 earnings per share missed the analyst consensus estimate by a significant margin, which could negatively impact investor sentiment and the stock price. However, the company's sales exceeded estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100