Chimerix Q4 EPS $(0.20) Beats $(0.24) Estimate, Sales $4.00K Miss $60.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Chimerix (NASDAQ:CMRX) reported Q4 earnings with a loss of $(0.20) per share, beating the $(0.24) estimate, but sales of $4.00K missed the $60.00K estimate significantly, marking a 99.51% decrease from the previous year.
February 29, 2024 | 12:05 pm
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NEGATIVE IMPACT
Chimerix's Q4 earnings exceeded EPS estimates but fell significantly short on sales, with a dramatic year-over-year decrease.
While Chimerix beating EPS estimates might be seen positively, the significant miss on sales estimates and the drastic year-over-year decrease in sales are likely to concern investors, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100