Schrodinger Q3 2023 Gaap EPS $(0.86) Misses $(0.73) Estimate, Sales $42.57M Beat $37.61M Estimate
Portfolio Pulse from saritha@benzinga.com
Schrodinger (NASDAQ:SDGR) reported Q3 2023 GAAP EPS of $(0.86), missing the estimate of $(0.73) by 17.81%. This is a 53.57% decrease from the same period last year. However, the company's quarterly sales of $42.57M beat the estimate of $37.61M by 13.19%, a 15.11% increase from last year.
November 01, 2023 | 8:04 pm
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Schrodinger's Q3 2023 earnings missed estimates, but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
Schrodinger's earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results create uncertainty, making it difficult to predict the short-term price direction.
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