Relay Therapeutics Q1 2024 GAAP EPS $(0.62) Beats $(0.71) Estimate, Sales $10.007M Beat $87.500K Estimate
Portfolio Pulse from Benzinga Newsdesk
Relay Therapeutics (NASDAQ:RLAY) reported Q1 2024 earnings with a GAAP EPS of $(0.62), surpassing the $(0.71) estimate, and sales of $10.007M, exceeding the $87.500K estimate. This represents a significant improvement over the previous year's performance.
May 02, 2024 | 9:52 pm
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Relay Therapeutics reported a smaller than expected Q1 2024 loss and significantly higher sales, indicating strong performance and growth.
The significant beat on both EPS and sales estimates for Q1 2024 suggests that Relay Therapeutics is performing better than expected, which could lead to increased investor confidence and a potential short-term uptick in the stock price. The substantial growth in sales compared to the previous year further underscores the company's strong market position and operational success.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100