Recap: Cullinan Oncology Q3 Earnings
Portfolio Pulse from Benzinga Insights
Cullinan Oncology (NASDAQ:CGEM) reported its Q3 earnings, beating estimated earnings by 1.09% with an EPS of $-0.91 versus an estimate of $-0.92. However, revenue was down $0 from the same period last year. Last quarter, the company beat on EPS by $0.15, which was followed by a 5.05% increase in the share price the next day.
November 08, 2023 | 12:45 pm
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Cullinan Oncology's Q3 earnings beat estimates, which could potentially lead to a short-term increase in share price, as seen in the previous quarter.
Cullinan Oncology beat its Q3 earnings estimates, which is generally seen as a positive sign by investors. This could lead to increased buying pressure, driving up the share price in the short term. This is further supported by the fact that the company's share price increased by 5.05% the day after it beat earnings estimates last quarter.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100