Cardiff Oncology Q1 2024 GAAP EPS $(0.22) Beats $(0.25) Estimate, Sales $205.000K Beat $55.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
Cardiff Oncology (NASDAQ:CRDF) reported Q1 2024 earnings with a smaller loss per share of $(0.22) compared to the $(0.25) estimate, and sales of $205,000, significantly exceeding the $55,000 estimate. This represents a substantial improvement over the previous year's performance.
May 02, 2024 | 9:10 pm
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Cardiff Oncology reported a smaller-than-expected Q1 2024 loss and significantly higher sales, indicating strong performance and potential growth.
Beating both earnings and sales estimates significantly, especially by such a large margin in sales, indicates operational efficiency and potential market growth. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in CRDF's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100