Rallybio: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Rallybio (NASDAQ:RLYB) reported its Q3 earnings, beating estimated earnings by 11.76% with an EPS of $-0.45 versus an estimate of $-0.51. However, revenue was down $0 from the same period last year. Last quarter, the company beat on EPS by $0.02, which was followed by a 0.38% drop in the share price the next day.
November 09, 2023 | 1:15 pm
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Rallybio's Q3 earnings beat estimates, but revenue was unchanged from last year. Previous earnings beat was followed by a slight drop in share price.
Rallybio's earnings beat estimates, which is generally a positive signal. However, the lack of revenue growth and the historical trend of share price dropping after an earnings beat could offset any potential positive impact. Therefore, the short-term impact on the stock price is neutral.
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IMPORTANCE 80
RELEVANCE 100