Mersana Therapeutics Q4 EPS $(0.16), Inline, Sales $10.70M Miss $14.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mersana Therapeutics (NASDAQ:MRSN) reported Q4 earnings with EPS of $(0.16), meeting analyst estimates but with a 63.64% improvement over the previous year. However, their sales of $10.70M fell short of the expected $14.77M, marking a 27.55% miss and a 27.14% decrease from the previous year.
February 28, 2024 | 12:02 pm
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Mersana Therapeutics reported Q4 EPS of $(0.16), aligning with estimates and showing significant improvement from last year. However, their sales missed expectations by 27.55%, indicating a potential concern for investors.
While Mersana Therapeutics met EPS estimates, showing improvement in reducing losses, the significant miss in sales forecasts could concern investors about the company's revenue growth and market expectations, potentially leading to short-term negative pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100