Codexis Q4 2023 GAAP EPS $(0.10) Beats $(0.12) Estimate, Sales $26.56M Beat $19.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Codexis reported Q4 2023 earnings with a GAAP EPS of $(0.10), surpassing the $(0.12) estimate. Sales reached $26.56M, exceeding the $19.90M forecast but marking a 12.56% decrease from the previous year.
February 28, 2024 | 9:31 pm
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Codexis surpassed Q4 2023 earnings and sales estimates, with a smaller loss per share and higher revenue than expected, though sales decreased year-over-year.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the year-over-year decrease in sales might temper some of the positive momentum.
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