Halozyme Therapeutics: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Halozyme Therapeutics (NASDAQ:HALO) reported Q4 earnings with an EPS of $0.82, missing the estimate of $0.83 by 1.2%. Revenue increased by $48.54 million from the same period last year. In the previous quarter, HALO beat the EPS estimate by $0.02, leading to a 10.04% share price increase the next day.
February 20, 2024 | 9:05 pm
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NEUTRAL IMPACT
Halozyme Therapeutics reported a slight miss in Q4 earnings with an EPS of $0.82 against an estimate of $0.83, but showed significant revenue growth from the previous year.
The slight miss in EPS might be offset by the significant year-over-year revenue growth. Historical data shows HALO's stock price increased by 10.04% following a positive earnings surprise last quarter, indicating market sensitivity to their earnings reports. However, the miss this quarter could temper expectations, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100