BioNTech Q3 EPS $0.73 Beats $0.62 Estimate, Sales $974.49M Miss $1.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
BioNTech reported Q3 earnings of $0.73 per share, beating the analyst consensus estimate of $0.62 by 17.58%. However, the company's quarterly sales of $974.49 million missed the analyst consensus estimate of $1.06 billion by 8.07%. This represents a significant decrease from the same period last year, with earnings down 89.64% and sales down 72.07%.
November 06, 2023 | 11:47 am
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BioNTech's Q3 earnings exceeded expectations but sales did not meet estimates. Compared to the same period last year, both earnings and sales have significantly decreased.
BioNTech's earnings beat could be a positive signal to investors, but the miss on sales and the significant year-on-year decrease in both earnings and sales could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100