Exelixis Q1 2024 Adj EPS $0.17 Misses $0.24 Estimate, Sales $425.226M Miss $460.621M Estimate
Portfolio Pulse from Benzinga Newsdesk
Exelixis reported Q1 2024 adjusted EPS of $0.17, missing the $0.24 estimate, and sales of $425.226M, below the $460.621M estimate. This represents a 6.25% increase in earnings and a 4.02% increase in sales from the same period last year.
April 30, 2024 | 8:19 pm
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NEGATIVE IMPACT
Exelixis missed Q1 2024 earnings and sales estimates but showed year-over-year growth in both metrics.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth. The significance of the miss and the company's growth trajectory are crucial for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100