Longeveron Q4 EPS $(0.25) Misses $(0.21) Estimate, Sales $63.00K Miss $210.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Longeveron (NASDAQ:LGVN) reported Q4 earnings with a per-share loss of $(0.25), missing the $(0.21) estimate, and sales of $63.00K, missing the $210.00K estimate. This represents a 19.05% increase in per-share losses and a 70% miss in sales estimates compared to the same period last year.
February 27, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Longeveron's Q4 earnings report showed a larger-than-expected loss per share and a significant miss in sales estimates.
Missing both earnings and sales estimates significantly, especially by 19.05% for EPS and 70% for sales, typically leads to negative investor sentiment and could result in a short-term decline in stock price. The magnitude of the miss and the comparison to last year's figures highlight a concerning trend for the company's financial health, likely affecting investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100