Recap: AbCellera Biologics Q4 Earnings
Portfolio Pulse from Benzinga Insights
AbCellera Biologics (NASDAQ:ABCL) reported Q4 earnings with an EPS of $-0.17, missing estimates by 30.77% and showing a revenue decline of $12.37 million from the previous year. Despite beating EPS estimates in Q3 2023, this quarter's results could impact investor sentiment negatively.
February 20, 2024 | 9:30 pm
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AbCellera Biologics reported a significant miss in Q4 earnings with a 30.77% lower EPS than estimated and a notable revenue decline from the previous year.
The significant miss in both EPS and revenue compared to estimates and the previous year's performance is likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows that past earnings performance, such as the Q3 beat, influenced the stock price positively, suggesting a strong correlation between earnings performance and stock price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100