Recap: X4 Pharmaceuticals Q4 Earnings
Portfolio Pulse from Benzinga Insights
X4 Pharmaceuticals (NASDAQ:XFOR) reported Q4 earnings, beating estimated earnings by 33.0% with an EPS of $-0.1 versus an estimate of $-0.15. However, revenue was unchanged from the same period last year. In the previous quarter, despite beating EPS estimates, the share price dropped by 5.0% the following day.
March 21, 2024 | 10:15 am
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X4 Pharmaceuticals reported a significant beat on Q4 earnings estimates but saw no change in revenue from the previous year. Last quarter's beat was followed by a share price drop.
While X4 Pharmaceuticals beat earnings estimates, the unchanged revenue and historical context of a share price drop following a beat suggest a cautious outlook. The market may react positively to the earnings beat, but the lack of revenue growth and past performance post-earnings beat indicate potential volatility or neutral impact in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100