Recap: Castle Biosciences Q4 Earnings
Portfolio Pulse from Benzinga Insights
Castle Biosciences (NASDAQ:CSTL) reported Q4 earnings, beating estimates with an EPS of $-0.1 against an expected $-0.54. Revenue increased by $27.78 million from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase.
February 28, 2024 | 9:35 pm
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Castle Biosciences reported a significant beat on Q4 earnings with an EPS of $-0.1 versus an estimate of $-0.54, and a notable year-over-year revenue increase.
Castle Biosciences' significant beat on earnings estimates and the substantial increase in revenue compared to the previous year are strong indicators of the company's growth and operational efficiency. Historically, surpassing EPS estimates has led to a positive reaction in the stock price the following day, as seen in the last quarter. This pattern suggests a likely short-term positive impact on CSTL's stock price.
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