Recap: Evaxion Biotech Q4 Earnings
Portfolio Pulse from Benzinga Insights
Evaxion Biotech (NASDAQ:EVAX) reported Q4 earnings, beating estimates with an EPS of $-0.16 versus the expected $-1.6, and revenue increased by $73 thousand from the previous year. Despite missing EPS estimates last quarter, the share price increased by 7% the following day.
March 27, 2024 | 1:35 pm
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Evaxion Biotech reported a significant beat on Q4 earnings estimates with an EPS of $-0.16 against an expected $-1.6, and a revenue increase from the previous year.
The substantial beat on earnings estimates and the positive revenue growth are strong indicators of better-than-expected financial health and operational efficiency. Historically, such positive earnings reports have led to an increase in share price, as evidenced by the 7% rise following last quarter's earnings miss. This trend suggests a likely positive short-term impact on EVAX's stock price.
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