Recap: CytomX Therapeutics Q4 Earnings
Portfolio Pulse from Benzinga Insights
CytomX Therapeutics (NASDAQ:CTMX) reported Q4 earnings with a significant beat on estimated earnings, posting an EPS of $0.01 against an estimate of -$0.03. Revenue increased by $25.66 million from the same period last year. Despite beating EPS estimates in the past, such as a $0.23 beat in Q3 2023, the share price dropped by 2.0% the following day.
March 11, 2024 | 8:10 pm
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CytomX Therapeutics reported a significant beat on Q4 earnings with an EPS of $0.01 against an estimate of -$0.03, and a revenue increase of $25.66 million YoY.
The significant beat on both EPS and revenue expectations for Q4 indicates a strong financial performance by CytomX Therapeutics, which could lead to positive investor sentiment and a potential increase in stock price in the short term. However, past performance shows that even after beating EPS estimates, the stock price dropped the following day, indicating that market reaction can be unpredictable.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100