Clene FY GAAP EPS $(0.47) Misses $(0.46) Estimate, Sales $654.00K Beat $557.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Clene Inc. (NASDAQ:CLNN) reported a Q4 GAAP EPS of $(0.47), missing the $(0.46) estimate by 2.17%, and sales of $654K, beating the $557K estimate by 17.41%. Year-over-year, this represents a 2.17% increase in losses but a 38.27% increase in sales.
March 13, 2024 | 12:10 pm
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Clene Inc. reported a Q4 GAAP EPS of $(0.47), missing estimates by 2.17%, but sales of $654K exceeded expectations by 17.41%, indicating a mixed financial performance.
The miss in EPS by 2.17% could negatively impact investor sentiment, but the significant beat in sales estimates by 17.41% and a 38.27% increase in sales YoY could offset this, suggesting a neutral short-term impact on CLNN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100