Cara Therapeutics Q3 2023 Gaap EPS $(0.52), Inline, Sales $4.87M Miss $9.95M Estimate
Portfolio Pulse from saritha@benzinga.com
Cara Therapeutics (NASDAQ:CARA) reported Q3 2023 GAAP EPS of $(0.52), which was in line with analyst estimates, but represented a 20.93% decrease from the previous year. Sales of $4.87M fell short of the $9.95M estimate, a 51.10% miss and a 55.00% decrease from the same period last year.

November 13, 2023 | 9:06 pm
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NEGATIVE IMPACT
Cara Therapeutics reported Q3 2023 earnings with an EPS of $(0.52), in line with estimates, but sales significantly missed expectations by 51.10%, indicating potential revenue challenges.
The in-line EPS suggests that the company's losses are as expected, which may not significantly impact investor sentiment. However, the substantial miss in sales forecasts could lead to a negative short-term reaction as it indicates that the company's revenue generation is not meeting market expectations. This could be seen as a sign of underlying business issues or a weaker market demand for their products, which may concern investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100