Soligenix: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Soligenix (NASDAQ:SNGX) reported Q3 earnings with an EPS of $-0.16, beating estimates by 44.83% but with a revenue decrease of $100 thousand from the same period last year. Previously, a beat on EPS resulted in a 2.88% share price drop the next day.
November 13, 2023 | 12:40 pm
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Soligenix reported better-than-expected Q3 earnings with an EPS beat but experienced a revenue decline from the previous year. Historical data shows a share price drop following last quarter's earnings beat.
Despite the positive earnings surprise, the revenue decline and historical share price reaction to the previous earnings beat suggest a potential negative short-term impact on SNGX's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100