Celcuity Q3 Adjusted EPS $(0.78) Misses $(0.68) Estimate
Portfolio Pulse from Benzinga Newsdesk
Celcuity Inc. (NASDAQ:CELC) reported a Q3 adjusted EPS loss of $0.78, missing the consensus estimate of $0.68 by 14.71%. This represents a 23.81% increase in losses compared to the $0.63 per share loss in the same quarter of the previous year.
November 13, 2023 | 12:09 pm
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Celcuity Inc. reported a larger than expected quarterly loss, with adjusted EPS at $0.78 compared to the $0.68 estimate, marking a significant increase in losses year-over-year.
The reported earnings miss is likely to negatively impact investor sentiment in the short term, as the company's losses have increased significantly compared to the same period last year. This could lead to a decrease in stock price as the market adjusts to the new information.
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