Recap: Aura Biosciences Q4 Earnings
Portfolio Pulse from Benzinga Insights
Aura Biosciences (NASDAQ:AURA) reported Q4 earnings, beating estimates with an EPS of $-0.5 against an expected $-1.82 but with no change in revenue from the previous year. The company had previously seen a 10% share price increase following last quarter's earnings beat.
March 27, 2024 | 1:25 pm
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Aura Biosciences reported a significant beat on Q4 earnings expectations but showed no revenue growth from the previous year.
Aura Biosciences' substantial beat on earnings expectations is likely to positively impact investor sentiment and potentially lead to a short-term increase in stock price, similar to the 10% increase observed after the last quarter's earnings beat. However, the lack of revenue growth could temper some of the enthusiasm.
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