Recap: Soligenix Q4 Earnings
Portfolio Pulse from Benzinga Insights
Soligenix (NASDAQ:SNGX) reported Q4 earnings, beating estimates with an EPS of $-0.06 versus the expected $-0.19, a 68.0% beat. However, revenue was down $160 thousand from the same period last year. Despite beating last quarter's EPS estimate, the share price dropped by 1.0% the following day.
March 15, 2024 | 1:35 pm
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NEUTRAL IMPACT
Soligenix reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year. Despite a positive earnings surprise last quarter, the stock price experienced a slight decline.
While Soligenix's earnings beat is positive, the decrease in revenue and the historical price drop following last quarter's earnings beat suggest a mixed short-term impact on the stock price. The market may react cautiously due to the revenue decline and past performance post-earnings announcement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100