Invivyd: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Invivyd (NASDAQ:IVVD) reported Q4 earnings with a significant miss on estimated earnings by -60.0%, posting an EPS of $-0.67 against an estimate of $-0.42. Revenue remained unchanged from the same period last year. In the previous quarter, the company had beaten EPS estimates, which led to no change in share price the following day.
March 28, 2024 | 1:25 pm
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Invivyd reported a significant miss in Q4 earnings with a -60.0% deviation from estimated EPS, and no change in revenue from the previous year.
The significant miss in earnings expectations typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The lack of revenue growth could further compound investor concerns about the company's growth prospects.
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