Immunovant Q2 EPS $(0.45) Beats $(0.48) Estimate; Pro Forma Cash And Cash Equivalent Of $737M
Portfolio Pulse from Benzinga Newsdesk
Immunovant reported Q2 losses of $(0.45) per share, beating the analyst consensus estimate of $(0.48) by 6.25%. This is a 9.76% decrease over losses of $(0.41) per share from the same period last year. The company's pro forma cash and cash equivalent stands at $737M.
November 09, 2023 | 12:24 pm
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Immunovant's Q2 losses were less than expected, but increased compared to last year. The company's cash position is strong at $737M.
While Immunovant's Q2 losses were less than expected, indicating a positive performance, the increase in losses compared to the same period last year could be a concern for investors. However, the company's strong cash position could provide some reassurance.
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