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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NEGATIVE IMPACT
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