Recap: Annexon Q3 Earnings
Portfolio Pulse from Benzinga Insights
Annexon (NASDAQ:ANNX) reported Q3 earnings with an EPS of $-0.43, beating estimates by 14.0% against an expected $-0.5. However, revenue was unchanged from the same period last year. Following last quarter's earnings beat, ANNX shares dropped by 3.19% the next day.
November 13, 2023 | 11:35 am
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Annexon reported a better-than-expected Q3 EPS, outperforming estimates by 14%. Despite this, there was no change in revenue compared to the same quarter last year.
While Annexon's EPS beat may be viewed positively, the lack of revenue growth could temper investor enthusiasm. Historical data shows a share price drop following the last earnings beat, suggesting that the market may have a muted or negative reaction to the earnings report.
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IMPORTANCE 75
RELEVANCE 100