Recap: SomaLogic Q3 Earnings
Portfolio Pulse from Benzinga Insights
SomaLogic (NASDAQ:SLGC) reported its Q3 earnings, beating estimated earnings by 29.41% with an EPS of $-0.12 versus an estimate of $-0.17. However, revenue was down $19.66 million from the same period last year. Last quarter, the company beat on EPS by $0.03, which was followed by a 6.4% increase in the share price the next day.
November 08, 2023 | 9:35 pm
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NEUTRAL IMPACT
SomaLogic's Q3 earnings beat estimates, but revenue was down YoY. Last quarter's EPS beat led to a share price increase.
SomaLogic's earnings beat could potentially lead to a short-term increase in share price, as seen in the previous quarter. However, the decrease in revenue YoY might offset this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100