Recap: X4 Pharmaceuticals Q3 Earnings
Portfolio Pulse from Benzinga Insights
X4 Pharmaceuticals (NASDAQ:XFOR) reported Q3 earnings, beating estimated earnings by 93.33% with an EPS of $-0.01 versus an estimate of $-0.15. However, revenue was down $0 from the same period last year. Last quarter, the company missed on EPS by $0.17, which was followed by a 21.9% increase in the share price the next day.
November 09, 2023 | 11:10 am
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X4 Pharmaceuticals beat Q3 earnings estimates significantly, which could lead to a positive market reaction. However, the lack of revenue growth could be a concern for investors.
X4 Pharmaceuticals' significant beat on earnings estimates is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price. However, the lack of revenue growth could temper this positive reaction, as it may raise concerns about the company's future profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100