Prothena Corp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Prothena Corp (NASDAQ:PRTA) reported Q4 earnings with an EPS of $-1.26, missing estimates by 3.28% against an expected $-1.22. Revenue decreased by $49.61 million from the same period last year. In the previous quarter, PRTA beat EPS estimates which led to a 7.41% share price increase the following day. The company's past earnings performance shows variability in EPS and revenue outcomes.
February 15, 2024 | 9:10 pm
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NEGATIVE IMPACT
Prothena Corp reported Q4 earnings with an EPS miss and a significant revenue decrease from the previous year.
Missing earnings estimates and reporting a significant year-over-year revenue decrease are typically seen as negative indicators for a company's financial health and can lead to a decrease in stock price. Given Prothena's history, where a positive earnings surprise led to a stock price increase, this negative report could likely lead to a short-term decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100