Sol-Gel Technologies Q3 EPS $(0.21) Beats $(0.23) Estimate, Sales $213.00K Miss $690.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Sol-Gel Technologies reported Q3 losses of $(0.21) per share, beating the analyst consensus estimate of $(0.23) by 8.7%. However, the company's quarterly sales of $213.00K missed the analyst consensus estimate of $690.00K by 69.13%. This represents a 40% decrease in EPS and an 18.39% decrease in sales compared to the same period last year.
November 09, 2023 | 12:51 pm
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Sol-Gel Technologies' Q3 earnings beat estimates but sales missed, indicating mixed performance.
The company's earnings beat estimates, which is a positive signal. However, the miss on sales, which is a key performance indicator, could negatively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100