Biomea Fusion Q4 EPS $(0.98) Misses $(0.85) Estimate
Portfolio Pulse from Benzinga Newsdesk
Biomea Fusion (NASDAQ:BMEA) reported Q4 earnings with losses of $(0.98) per share, missing the consensus estimate of $(0.85) by 15.29%. This represents a 13.95% increase in losses compared to the same period last year.
April 01, 2024 | 2:04 pm
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Biomea Fusion reported a larger than expected quarterly loss of $(0.98) per share, missing the $(0.85) estimate, indicating a 13.95% increase in losses from the previous year.
The reported earnings miss and the increase in losses compared to the previous year are likely to negatively impact investor sentiment towards BMEA in the short term. Missed earnings estimates can lead to decreased confidence in the company's financial health and future prospects, potentially resulting in a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100