CryoPort Q1 2024 GAAP EPS $(0.43) Misses $(0.35) Estimate, Sales $54.592M Miss $58.760M Estimate
Portfolio Pulse from Benzinga Newsdesk
CryoPort reported Q1 2024 earnings with a GAAP EPS of $(0.43), missing estimates by 22.86% and marking a 168.75% decrease from the previous year. Sales were $54.592M, missing estimates by 7.09% and showing a 13.09% decrease from the previous year.

May 07, 2024 | 9:03 pm
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NEGATIVE IMPACT
CryoPort's Q1 2024 earnings missed estimates with a GAAP EPS of $(0.43) and sales of $54.592M, indicating a significant decrease from the previous year.
The significant miss in both EPS and sales compared to analyst estimates, along with a substantial decrease from the previous year's figures, suggests a negative short-term impact on CYRX's stock price. The earnings miss, especially being greater than 20%, and the sales miss indicate underlying challenges that could concern investors, potentially leading to decreased investor confidence and a drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100