Recap: Achieve Life Sciences Q4 Earnings
Portfolio Pulse from Benzinga Insights
Achieve Life Sciences (NASDAQ:ACHV) reported Q4 earnings, beating estimated earnings by 16.0% with an EPS of $-0.26 versus an estimate of $-0.31. However, revenue was unchanged from the same period last year. In the previous quarter, the company also beat EPS estimates which was followed by a 2.0% drop in share price the next day.
March 28, 2024 | 8:15 pm
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Achieve Life Sciences reported a better-than-expected Q4 earnings, with an EPS of $-0.26 against an estimate of $-0.31, but with no change in revenue from the previous year.
While Achieve Life Sciences beat the earnings estimate, the lack of revenue growth could temper investor enthusiasm. Historically, a beat in EPS estimates for ACHV was followed by a slight drop in share price, indicating that the market might have mixed reactions to earnings beats without corresponding revenue growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100