Recap: Zai Lab Q3 Earnings
Portfolio Pulse from Benzinga Insights
Zai Lab (NASDAQ:ZLAB) reported its Q3 earnings results, beating estimated earnings by 25.26% with an EPS of $-0.71 versus an estimate of $-0.95. Revenue was up $11.69 million from the same period last year. Last quarter, the company missed on EPS by $0.51, which was followed by an 8.58% drop in the share price the next day.
November 07, 2023 | 9:55 pm
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Zai Lab's Q3 earnings beat estimates by 25.26%, and revenue increased by $11.69 million YoY. However, a previous EPS miss led to a significant share price drop.
Zai Lab's better-than-expected Q3 earnings and increased revenue could boost investor confidence and potentially lead to a short-term increase in the stock price. However, investors may remain cautious due to the previous quarter's EPS miss and subsequent share price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100