Recap: Invivyd Q3 Earnings
Portfolio Pulse from Benzinga Insights
Invivyd (NASDAQ:IVVD) reported its Q3 earnings, beating estimated earnings by 28.0% with an EPS of $-0.36 versus an estimate of $-0.5. However, revenue was down $0 from the same period last year. Last quarter, the company missed on EPS by $0.06, which was followed by a 3.23% increase in the share price the next day.
November 09, 2023 | 9:10 pm
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Invivyd's Q3 earnings beat estimates by 28.0%, but revenue was down from the same period last year. Last quarter's EPS miss was followed by a 3.23% share price increase.
Invivyd's earnings beat estimates, which is generally a positive signal for investors and can lead to a short-term increase in stock price. However, the decrease in revenue year over year might be a concern for some investors. The fact that last quarter's EPS miss was followed by a share price increase suggests that the market may have already priced in the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100