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 their Q1 financial results, which were below market expectations.
May 02, 2024 | 3:37 pm
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Schrodinger's shares fell after reporting Q1 results that did not meet expectations.
Financial results that fall short of expectations typically lead to a negative reaction in the stock market as investors adjust their valuation of the company based on the new information. Given that Schrodinger's Q1 financial results were worse than expected, it is likely that the stock price dropped as a direct response to this news.
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