Soligenix Q3 EPS $(0.16) Vs $(1.15) YoY, Sales $100.00K Miss $200.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Soligenix reported a Q3 EPS of $(0.16), an improvement from $(1.15) YoY. However, sales were $100.00K, missing the estimated $200.00K.
November 13, 2023 | 12:40 pm
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NEGATIVE IMPACT
Soligenix's Q3 earnings showed an EPS improvement but missed sales estimates, which could negatively impact investor sentiment.
While the improvement in EPS is a positive sign, the miss on sales estimates is significant and could lead to a negative short-term reaction in the stock price as it may raise concerns about the company's revenue growth and market expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100