Atreca Q3 EPS $(0.92) Misses $(0.38) Estimate
Portfolio Pulse from Benzinga Newsdesk
Atreca (NASDAQ:BCEL) reported a Q3 EPS loss of $(0.92), which was significantly below the analyst consensus estimate of $(0.38), representing a miss of 142.11%. This also marks a 53.33% increase in losses compared to the $(0.60) per share loss reported in the same quarter of the previous year.
November 14, 2023 | 10:45 pm
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Atreca's Q3 earnings reported a larger than expected loss per share of $(0.92), missing the $(0.38) estimate by a wide margin and showing a significant year-over-year increase in losses.
The reported EPS miss is substantial and is likely to negatively impact investor sentiment in the short term. The magnitude of the miss and the year-over-year deterioration in performance suggest potential underlying issues that could concern investors, leading to a possible decrease in stock price.
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