Recap: Beyond Air Q2 Earnings
Portfolio Pulse from Benzinga Insights
Beyond Air (NASDAQ:XAIR) reported Q2 earnings with an EPS of $-0.51, missing estimates by 8.51% against the expected $-0.47. Revenue increased by $239 thousand compared to the same period last year. In the previous quarter, Beyond Air beat EPS estimates by $0.02, which led to a 0.28% decline in share price the following day.
November 13, 2023 | 9:10 pm
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Beyond Air reported a Q2 EPS of $-0.51, missing the estimate by 8.51%, with a year-over-year revenue increase of $239 thousand. Previously, a beat in EPS resulted in a slight stock price drop.
Missing earnings estimates typically results in negative investor sentiment and can lead to a decrease in stock price. The historical response to the previous quarter's earnings beat, which resulted in a stock price drop, suggests that the market may react negatively to the earnings miss. However, the increase in revenue could mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100