Recap: Sol-Gel Technologies Q3 Earnings
Portfolio Pulse from Benzinga Insights
Sol-Gel Technologies (NASDAQ:SLGL) reported Q3 earnings, beating estimated earnings by 8.7% with an EPS of $-0.21 versus an estimate of $-0.23. However, revenue was down $48 thousand from the same period last year. Last quarter, the company beat on EPS by $0.03, which was followed by a 9.66% drop in the share price the next day.
November 09, 2023 | 12:30 pm
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NEGATIVE IMPACT
Sol-Gel Technologies beat Q3 earnings estimates but saw a decrease in revenue. Past performance shows a share price drop following an EPS beat.
Sol-Gel Technologies beat earnings estimates, which is generally a positive signal. However, the company's revenue decreased compared to the same period last year, which is a negative signal. Additionally, the company's share price dropped significantly after beating earnings estimates last quarter, suggesting that investors may have been expecting more. This combination of factors leads to a negative short-term impact prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100