Lineage Cell Therapeutics Q4 2023 GAAP EPS $(0.030) Beats $(0.040) Estimate, Sales $2.100M Beat $1.310M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lineage Cell Therapeutics (LCTX) reported Q4 2023 earnings with a GAAP EPS of $(0.030), surpassing the $(0.040) estimate. Sales reached $2.100M, exceeding the $1.310M forecast by 60.35% and marking a 10.53% increase from the previous year.
March 07, 2024 | 9:02 pm
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POSITIVE IMPACT
Lineage Cell Therapeutics reported better-than-expected Q4 2023 earnings, with EPS and sales surpassing estimates.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term increase in stock price. The significant beat on sales forecasts and year-over-year growth further strengthens the case for a positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100