Codexis Q3 Adj EPS $(0.26) Beats $(0.32) Estimate, Sales $9.28M Miss $10.03M Estimate
Portfolio Pulse from mahesh@benzinga.com
Codexis (NASDAQ:CDXS) reported Q3 losses of $(0.26) per share, beating the analyst consensus estimate of $(0.32) by 18.75%. However, the company's quarterly sales of $9.28 million missed the analyst consensus estimate of $10.03 million by 7.51%. This represents a 73.33% decrease in EPS and a 73.09% decrease in sales compared to the same period last year.
November 02, 2023 | 8:57 pm
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Codexis reported Q3 losses of $(0.26) per share, beating estimates but missed on sales. This represents a significant decrease compared to the same period last year.
Codexis reported a larger than expected loss and missed sales estimates, which is likely to negatively impact the stock price in the short term. The significant year-over-year decreases in both EPS and sales further contribute to the negative outlook.
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