Ardelyx Q4 2023 GAAP EPS $(0.12) Misses $(0.10) Estimate, Sales $34.36M Beat $34.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardelyx reported Q4 2023 GAAP EPS of $(0.12), missing the $(0.10) estimate, but its sales of $34.36M exceeded the $34.23M estimate. This represents a 22.22% decrease in sales compared to the same period last year.
February 22, 2024 | 9:14 pm
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Ardelyx's Q4 2023 earnings missed EPS estimates but beat sales forecasts, with a significant year-over-year sales decrease.
Missing the EPS estimate could negatively impact investor sentiment and stock price in the short term. However, beating sales estimates might offset some negative sentiment. The significant decrease in sales year-over-year is concerning and likely to have a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100