Societal CDMO Q3 EPS $(0.05) Misses $(0.02) Estimate, Sales $23.59M Miss $24.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Societal CDMO (NASDAQ:SCTL) reported Q3 losses of $(0.05) per share, missing the analyst consensus estimate of $(0.02) by 150%. The company also reported quarterly sales of $23.59 million, missing the analyst consensus estimate of $24.25 million by 2.72%. However, both losses and sales show an increase compared to the same period last year.
November 08, 2023 | 10:20 pm
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NEGATIVE IMPACT
Societal CDMO's Q3 earnings missed estimates, which could negatively impact investor sentiment. However, the YoY increase in both losses and sales might mitigate this impact.
Societal CDMO's Q3 earnings missed analyst estimates, which could lead to a negative short-term reaction in the stock market. However, the year-over-year increase in both losses and sales indicates some level of growth, which might offset the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100