Synlogic: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Synlogic (NASDAQ:SYBX) reported its Q3 earnings, beating estimated earnings by 3.75% with an EPS of $-2.57 versus an estimate of $-2.67. However, revenue was down $285 thousand from the same period last year. Last quarter, the company beat on EPS by $0.45, which was followed by a 2.51% increase in the share price the next day.
November 09, 2023 | 12:30 pm
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NEUTRAL IMPACT
Synlogic's Q3 earnings beat estimates, but revenue was down from last year. The previous quarter's EPS beat led to a share price increase.
Synlogic's earnings beat could potentially lead to a positive reaction in the stock price, as it did last quarter. However, the decrease in revenue year over year might offset this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100