Clene: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Clene (NASDAQ:CLNN) reported Q4 earnings with an EPS of $-0.01, beating estimates by 86.0% against an expected $-0.07. However, revenue decreased by $64 thousand compared to the same period last year. In the previous quarter, Clene also surpassed EPS estimates, which was followed by a 1.0% drop in share price the next day.
March 13, 2024 | 1:40 pm
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Clene reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year.
While Clene's earnings beat is positive, the decrease in revenue and historical context of a share price drop following last quarter's earnings beat suggest a mixed short-term impact. The significant beat on EPS estimates could provide positive sentiment, but the revenue decrease and past performance indicate potential volatility.
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RELEVANCE 100