AbCellera Biologics Q1 2024 GAAP EPS $(0.14) Beats $(0.16) Estimate, Sales $9.954M Miss $10.836M Estimate
Portfolio Pulse from Benzinga Newsdesk
AbCellera Biologics reported Q1 2024 earnings with a GAAP EPS of $(0.14), surpassing the $(0.16) estimate. However, their sales of $9.954M fell short of the $10.836M estimate, marking an 18.36% decrease from the previous year.
May 07, 2024 | 8:13 pm
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AbCellera Biologics surpassed EPS estimates but missed sales forecasts for Q1 2024, with a significant year-over-year sales decline.
Beating EPS estimates could be seen positively by investors, indicating better-than-expected profitability. However, missing sales estimates and a notable decrease in sales year-over-year could raise concerns about the company's growth trajectory and market demand for its products. The mixed results present a neutral outlook in the short term as investors weigh the implications of the earnings report.
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