Arcus Biosciences Q4 2023 GAAP EPS $(1.08) Misses $(0.98) Estimate, Sales $31.00M Beat $28.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcus Biosciences (NYSE:RCUS) reported Q4 2023 earnings with a GAAP EPS of $(1.08), missing the $(0.98) estimate, and sales of $31.00M, beating the $28.37M estimate. This represents a decrease in both earnings and sales compared to the same period last year.
February 21, 2024 | 9:28 pm
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NEUTRAL IMPACT
Arcus Biosciences reported a larger than expected quarterly loss but exceeded sales forecasts in Q4 2023.
The mixed results with a miss on EPS but a beat on sales could lead to uncertain short-term stock price movement. The larger loss compared to estimates and the previous year might concern investors, but the sales beat could offset some negative sentiment.
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