Absci Q3 EPS $(0.24) Misses $(0.23) Estimate, Sales $744.00K Miss $3.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Absci (NASDAQ:ABSI) reported Q3 EPS of $(0.24), missing estimates by 4.35% and a 20% increase in losses from last year. Sales were $744K, missing estimates by 76.82% and a 68.59% decrease from the previous year.
November 14, 2023 | 9:37 pm
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NEGATIVE IMPACT
Absci's Q3 EPS of $(0.24) missed estimates by 4.35% and sales of $744K missed estimates by 76.82%, indicating a significant underperformance.
Missing both EPS and sales estimates by such large margins is a strong negative signal to investors, likely leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100