CareDx: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
CareDx (NASDAQ:CDNA) reported its Q3 earnings, beating estimated earnings by 53.85% with an EPS of $-0.18 versus an estimate of $-0.39. However, revenue was down $12.17 million from the same period last year. Last quarter, the company beat on EPS by $0.13, which was followed by a 11.23% drop in the share price the next day.
November 08, 2023 | 9:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CareDx's Q3 earnings beat estimates but revenue was down YoY. Past performance shows a share price drop following an earnings beat.
CareDx beat earnings estimates, which is generally positive. However, the company's revenue was down compared to the same period last year, which is a negative sign. Additionally, past performance shows that the company's share price tends to drop following an earnings beat, suggesting that investors may have high expectations for the company that are not being met.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100