Recap: Vir Biotechnology Q4 Earnings
Portfolio Pulse from Benzinga Insights
Vir Biotechnology (NASDAQ:VIR) reported Q4 earnings with an EPS of $-0.86, beating estimates by 14.85% but with a revenue decrease of $32.62 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 6.96% the following day.
February 22, 2024 | 9:10 pm
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Vir Biotechnology reported better-than-expected Q4 earnings with an EPS of $-0.86, beating estimates by 14.85%, but experienced a significant revenue drop from the previous year.
The positive earnings surprise could lead to a short-term positive impact on VIR's stock price, as beating EPS estimates often does. However, the significant drop in revenue year-over-year could temper investor enthusiasm, making the overall short-term impact likely positive but with caution due to revenue concerns.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100