89bio Q4 EPS $(0.50) Misses $(0.49) Estimate
Portfolio Pulse from Happy Mohamed
89bio (NASDAQ:ETNB) reported Q4 losses of $(0.50) per share, missing the consensus estimate of $(0.49) by 2.04%. This represents a 4.17% increase in losses compared to the same period last year.
February 29, 2024 | 9:33 pm
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89bio reported a slight miss in Q4 earnings with losses of $(0.50) per share compared to the expected $(0.49), marking a 4.17% increase in losses from the previous year.
The earnings miss, although slight, may negatively impact investor sentiment in the short term, especially considering the increase in losses compared to the previous year. This could lead to a decrease in stock price as investors adjust their expectations.
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