Cue Biopharma Q1 EPS $(0.28) Misses $(0.27) Estimate, Sales $1.82M Beat $1.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cue Biopharma reported Q1 EPS of $(0.28), missing estimates by 3.7%, but saw a 3.45% improvement over last year. Sales of $1.82M exceeded estimates by 61.15%, marking an 873.8% increase from the previous year.

April 08, 2024 | 8:06 pm
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POSITIVE IMPACT
Cue Biopharma's Q1 earnings missed EPS estimates slightly but significantly exceeded revenue expectations with a substantial year-over-year growth.
While the EPS miss might concern some investors, the substantial beat on revenue estimates and the impressive year-over-year sales growth are likely to be viewed positively. The significant increase in sales suggests strong demand for Cue Biopharma's products and operational growth, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100