Zai Lab Q4 2023 GAAP EPS $(0.98) Misses $(0.86) Estimate, Sales $65.83M Miss $73.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zai Lab (NASDAQ:ZLAB) reported Q4 2023 GAAP EPS of $(0.98), missing the $(0.86) estimate, with sales of $65.83M also missing the $73.46M estimate. This represents a 5.16% increase in sales compared to the same period last year.
February 27, 2024 | 9:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Zai Lab reported a larger than expected quarterly loss and missed sales estimates for Q4 2023, with a slight increase in sales compared to last year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The reported increase in sales year-over-year may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100