2seventy bio Q3 Adj. EPS $(1.00) Misses $(0.97) Estimate, Sales $12.03M Miss $35.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
2seventy bio (NASDAQ:TSVT) reported a Q3 adjusted EPS of $(1.00), missing the $(0.97) estimate, and sales of $12.03M, falling short of the $35.18M estimate. This represents a 43.18% increase in EPS losses and a 10.25% decrease in sales from the same period last year.
November 14, 2023 | 12:07 pm
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2seventy bio's Q3 earnings report showed a greater loss per share and lower sales than expected, indicating potential challenges ahead.
Missing both EPS and sales estimates can be seen as a negative indicator of a company's financial health and often leads to a negative short-term reaction in the stock market. The reported increase in EPS losses and decrease in sales from the previous year further underscore the company's challenges.
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