Arcellx Q3 EPS $(0.81) Misses $(0.65) Estimate, Sales $14.96M Beat $11.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcellx (NASDAQ:ACLX) reported Q3 earnings with a loss per share of $(0.81), missing the consensus estimate of $(0.65) by 24.62%. However, the company saw a significant improvement from the previous year's loss of $(2.12) per share. Arcellx's quarterly sales were $14.96M, surpassing the $11.22M estimate by 33.31%.
November 13, 2023 | 10:04 pm
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NEUTRAL IMPACT
Arcellx reported a larger-than-expected Q3 loss per share but exceeded sales estimates, indicating mixed financial performance.
The missed EPS estimate may negatively impact investor sentiment in the short term, while the sales beat could offset some of the negative impact. The significant improvement from last year's loss may be viewed positively, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100