ATAI Life Sciences Q4 EPS $(0.12) Beats $(0.16) Estimate, Sales $18.00K Miss $190.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
ATAI Life Sciences (NASDAQ:ATAI) reported Q4 earnings with EPS of $(0.12), beating the $(0.16) estimate, but missed sales estimates with $18.00K versus the expected $190.00K. This represents a 57.14% increase in EPS and a 52.63% decrease in sales from the same period last year.

March 28, 2024 | 11:14 am
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ATAI Life Sciences reported a mixed Q4 earnings result with a better-than-expected EPS but significantly lower sales than anticipated.
The better-than-expected EPS could provide some positive sentiment among investors, potentially offsetting concerns over the significant miss in sales estimates. However, the large discrepancy in sales expectations may raise concerns about the company's growth trajectory and operational efficiency, leading to a neutral short-term impact on the stock price.
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