Kymera Therapeutics Q1 EPS $(0.69) Beats $(0.73) Estimate, Sales $10.29M Miss $13.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kymera Therapeutics (NASDAQ:KYMR) reported Q1 earnings with a loss of $(0.69) per share, beating the $(0.73) estimate, but missed sales estimates with $10.29M against the expected $13.69M. This represents a slight improvement in losses and an 8.67% increase in sales compared to the same period last year.
May 02, 2024 | 11:08 am
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NEUTRAL IMPACT
Kymera Therapeutics reported a smaller-than-expected Q1 loss per share but missed on sales forecasts, showing mixed financial health.
The better-than-expected loss per share could be seen positively by investors, indicating potential operational efficiency or cost management. However, the miss on sales forecasts could raise concerns about revenue growth and market demand for Kymera's products. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100