Aurinia Pharmaceuticals Reports Preliminary Unaudited Total Net Revenue For Q4 Of $45M Vs. Estimate Of $44.2M And And Full Year 2023 Preliminary Revenue Of $176M Vs. $174.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aurinia Pharmaceuticals reported preliminary unaudited total net revenue for Q4 of $45M, slightly above the estimate of $44.2M. The full year 2023 preliminary revenue is reported at $176M, also surpassing the estimate of $174.71M.
January 05, 2024 | 11:26 am
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POSITIVE IMPACT
Aurinia Pharmaceuticals exceeded revenue estimates for Q4 and full year 2023, which may positively influence investor sentiment and stock price in the short term.
Beating revenue estimates typically generates positive investor sentiment, which can lead to an increase in stock price. As the reported figures are preliminary and unaudited, there is a degree of uncertainty, but the positive news is likely to outweigh any caution in the short term.
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