Immatics Q2 EPS $(0.35) Misses $(0.24) Estimate, Sales $24.36M Beat $18.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Immatics (NASDAQ:IMTX) reported Q2 losses of $(0.35) per share, missing the analyst consensus estimate of $(0.24) by 45.42 percent. This is a 51.74 percent decrease over losses of $(0.23) per share from the same period last year. However, the company reported quarterly sales of $24.36 million, beating the analyst consensus estimate of $18.93 million by 28.71 percent, a 32.80 percent increase over sales of $18.35 million the same period last year.
August 17, 2023 | 11:06 am
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Immatics reported a larger than expected Q2 loss but beat sales estimates. This mixed result could lead to volatility in the stock price.
Immatics reported a larger than expected loss for Q2, which is negative for the stock. However, the company also reported higher than expected sales, which is positive. These mixed results could lead to uncertainty and volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100