Zymeworks Q1 2024 GAAP EPS $(0.42) Misses $(0.29) Estimate, Sales $10.030M Miss $17.431M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zymeworks (NYSE:ZYME) reported Q1 2024 GAAP EPS of $(0.42), missing the $(0.29) estimate, with sales of $10.030M also missing the $17.431M estimate. This represents a decrease in performance compared to the same period last year.

May 02, 2024 | 8:27 pm
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Zymeworks reported a significant miss in both EPS and sales for Q1 2024, indicating a downturn from the previous year's performance.
The miss in both earnings per share (EPS) and sales compared to analyst estimates, along with a significant decrease from the previous year's figures, suggests a negative short-term impact on Zymeworks' stock price. The magnitude of the miss and the year-over-year decline in performance are likely to concern investors, potentially leading to decreased investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100