Anavex Life Sciences Q1 EPS $(0.11) Beats $(0.14) Estimate; Cash And Cash Equivalents Of $143.8M
Portfolio Pulse from Benzinga Newsdesk
Anavex Life Sciences reported Q1 EPS of $(0.11), surpassing the $(0.14) estimate, marking a 35.29% improvement from last year's $(0.17) per share loss. The company also reported having $143.8M in cash and equivalents.
February 07, 2024 | 12:32 pm
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Anavex Life Sciences reported a smaller than expected Q1 loss and showed a significant year-over-year improvement, along with a strong cash position.
Beating EPS estimates and showing year-over-year improvement in losses, along with a strong cash position, are positive indicators for Anavex Life Sciences. This could lead to increased investor confidence and potentially a short-term uptick in AVXL's stock price.
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IMPORTANCE 90
RELEVANCE 100