IGM Biosciences Q3 2023 EPS $(1.04) Up From $(1.32) YoY, Revenue $509K Misses $812.778K Estimate
Portfolio Pulse from Benzinga Newsdesk
IGM Biosciences reported a Q3 2023 EPS of $(1.04), an improvement from $(1.32) YoY. However, their revenue of $509K fell short of the $812.778K estimate.
November 13, 2023 | 9:54 pm
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IGM Biosciences reported a smaller loss per share in Q3 2023 compared to last year, but missed revenue expectations.
The narrower loss per share indicates some improvement in IGM Biosciences' financial performance, which could be seen positively by investors. However, the miss on revenue is a negative signal that the company is underperforming in sales compared to market expectations. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100