Recap: Atea Pharmaceuticals Q4 Earnings
Portfolio Pulse from Benzinga Insights
Atea Pharmaceuticals (NASDAQ:AVIR) reported Q4 earnings, beating estimates by 6.0% with an EPS of $-0.47. However, revenue remained unchanged from the previous year. Despite beating last quarter's EPS estimates, the share price dropped by 9.0% the following day.
February 28, 2024 | 9:35 pm
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Atea Pharmaceuticals reported a Q4 earnings beat with an EPS of $-0.47, surpassing estimates by 6.0%. Revenue remained unchanged from the previous year, and past performance showed a 9.0% share price drop following an earnings beat.
While Atea Pharmaceuticals beat earnings estimates, the unchanged revenue and historical share price drop post-earnings beat suggest a neutral short-term impact. The company's ability to surpass EPS estimates may provide some positive sentiment, but the lack of revenue growth and past share price reaction temper expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100