Valneva Q2 EPS $(0.26) Up From $(2.86) YoY, Sales $43.85M Down From $76.07M YoY
Portfolio Pulse from Benzinga Newsdesk
Valneva (NASDAQ:VALN) reported Q2 losses of $(0.26) per share, a 90.91% increase YoY. Sales were reported at $43.85M, a 42.35% decrease YoY.
September 21, 2023 | 7:12 am
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NEUTRAL IMPACT
Valneva reported a significant decrease in losses per share YoY, but also a substantial decrease in sales.
While the decrease in losses per share is a positive sign, the decrease in sales could be a concern for investors. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100