Codexis Q1 2024 GAAP EPS $(0.16) Beats $(0.18) Estimate, Sales $17.073M Beat $13.660M Estimate
Portfolio Pulse from Benzinga Newsdesk
Codexis (NASDAQ:CDXS) reported Q1 2024 earnings with a smaller loss per share of $(0.16) compared to estimates of $(0.18) and a significant sales increase to $17.073M, surpassing the $13.660M estimate. This represents a substantial improvement over the previous year's performance.
May 02, 2024 | 8:53 pm
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Codexis reported a smaller-than-expected Q1 2024 loss and a significant year-over-year sales increase, indicating strong performance and potential growth.
Codexis's Q1 2024 earnings report exceeded analyst expectations in both EPS and sales, showing a significant improvement over the previous year. This positive performance, especially the substantial sales increase, suggests a strong growth trajectory and operational efficiency, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100