Recap: Viking Therapeutics Q4 Earnings
Portfolio Pulse from Benzinga Insights
Viking Therapeutics (NASDAQ:VKTX) reported Q4 earnings, beating estimates with an EPS of $-0.25 against the expected $-0.26. Revenue remained unchanged from the previous year. The company's past earnings miss led to a 9.42% share price drop the following day.
February 07, 2024 | 9:15 pm
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POSITIVE IMPACT
Viking Therapeutics reported better-than-expected Q4 earnings but with unchanged revenue from last year. Previous earnings miss had a significant impact on share price.
The positive earnings surprise could lead to a short-term positive sentiment among investors, especially considering the company's recovery from a previous earnings miss. However, the lack of revenue growth might temper expectations, making the overall impact moderately positive.
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