Recap: Nuvalent Q3 Earnings
Portfolio Pulse from Benzinga Insights
Nuvalent (NASDAQ:NUVL) reported Q3 earnings with an EPS of $-0.59, missing estimates by 1.72% compared to the expected $-0.58. Revenue was unchanged from the same period last year. Previously, the company beat EPS estimates by $0.02 but experienced a 1.01% share price drop the following day.
November 14, 2023 | 2:30 pm
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Nuvalent reported a slight miss in Q3 earnings with an EPS of $-0.59, missing the estimate by 1.72%. Revenue remained the same as last year, indicating no growth in that period.
The earnings miss, although slight, may negatively impact investor sentiment in the short term, especially considering the previous quarter's earnings beat was followed by a share price drop. The lack of revenue growth could also be a concern for investors looking for signs of company expansion.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100