Humacyte: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Humacyte (NASDAQ:HUMA) reported its Q3 earnings with an in-line EPS of $-0.25, the same as the estimate. However, the company's revenue was down $31 thousand from the same period last year. In the previous quarter, the company missed on EPS by $0.0, which was followed by a 10.89% increase in the share price the next day.
November 09, 2023 | 9:05 pm
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Humacyte's Q3 earnings were in line with estimates, but revenue was down from the same period last year. Despite missing EPS last quarter, the share price increased by 10.89% the next day.
Humacyte's earnings were in line with estimates, which is generally a positive sign. However, the decrease in revenue compared to the same period last year could be a concern for investors. Despite this, the company's share price increased significantly after missing EPS last quarter, suggesting that investors may have confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100