Schrodinger shares are trading lower after the company reported worse-than-expected Q1 financial results.
Portfolio Pulse from Benzinga Newsdesk
Schrodinger's shares dropped following the announcement of disappointing Q1 financial results, falling short of expectations.
May 01, 2024 | 8:09 pm
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Schrodinger's shares declined after reporting Q1 financial results that did not meet expectations.
Financial results that fall short of expectations typically lead to a negative short-term impact on a company's stock price. Given that Schrodinger's Q1 financial results were worse than expected, it is likely that investors' confidence may be shaken, leading to a decrease in stock price in the short term.
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