OmniAb Q4 2023 GAAP EPS $(0.14) Beats $(0.15) Estimate, Sales $4.822M Miss $7.467M Estimate
Portfolio Pulse from Benzinga Newsdesk
OmniAb (NASDAQ:OABI) reported Q4 2023 earnings with a GAAP EPS of $(0.14), surpassing the $(0.15) estimate. However, its sales of $4.822M fell short of the $7.467M estimate, marking an 86.36% decrease from the same period last year.
March 20, 2024 | 8:17 pm
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OmniAb reported a smaller-than-expected quarterly loss but missed sales estimates significantly, with a sharp decline from the previous year.
While beating EPS estimates typically has a positive impact on stock prices, the significant miss on sales estimates and the sharp year-over-year decline could offset this positive sentiment. The mixed results present a neutral outlook in the short term as investors weigh the implications of the earnings beat against the sales miss.
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