Recap: Ardelyx Q4 Earnings
Portfolio Pulse from Benzinga Insights
Ardelyx (NASDAQ:ARDX) reported Q4 earnings with a miss on estimated earnings by 33.33%, posting an EPS of $-0.12 against an estimate of $-0.09. Revenue decreased by $9.81 million from the same period last year. In the previous quarter, Ardelyx beat EPS estimates which was followed by a 0.25% drop in share price the next day. The company's past earnings performance shows variability in EPS and revenue against estimates.
February 22, 2024 | 9:15 pm
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Ardelyx reported a significant miss in Q4 earnings with a 33.33% lower EPS than estimated and a decrease in revenue from the previous year.
Ardelyx's miss on both earnings and revenue expectations for Q4 is likely to negatively impact investor sentiment and stock price in the short term. Historical data shows that even when Ardelyx beat EPS estimates in the previous quarter, it was followed by a slight drop in share price, indicating sensitivity of the stock price to earnings performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100