Recap: Affimed Q3 Earnings
Portfolio Pulse from Benzinga Insights
Affimed (NASDAQ:AFMD) reported Q3 earnings with an EPS of $-0.17, beating estimates by 15.0% but with a revenue decrease of $12.87 million from the same period last year. Despite beating EPS estimates, the company's revenue has declined significantly compared to the previous year's quarter.
November 14, 2023 | 11:35 am
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NEUTRAL IMPACT
Affimed reported better-than-expected Q3 EPS but with a significant year-over-year revenue drop. Past earnings show mixed impact on stock price.
While Affimed's EPS beat may be seen as a positive, the substantial revenue decline could raise concerns about the company's growth and profitability, potentially leading to a neutral short-term impact on the stock price. Historical data shows that past earnings performance had a mixed effect on the stock's movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100