Y-mAbs Therapeutics Q1 2024 GAAP EPS $(0.15) Beats $(0.16) Estimate, Sales $19.931M Miss $22.220M Estimate
Portfolio Pulse from Benzinga Newsdesk
Y-mAbs Therapeutics (NASDAQ:YMAB) reported Q1 2024 earnings with a GAAP EPS of $(0.15), beating the $(0.16) estimate, but missed sales estimates with $19.931M against the expected $22.220M. This represents a slight decrease in sales compared to the same period last year.

May 07, 2024 | 9:43 pm
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NEUTRAL IMPACT
Y-mAbs Therapeutics reported a better-than-expected Q1 2024 EPS but missed on sales forecasts, with a slight decrease in sales compared to last year.
The mixed earnings report from Y-mAbs Therapeutics, with an EPS beat but a miss on sales forecasts, presents a neutral outlook. The EPS beat may provide some positive sentiment, but the miss on sales and slight year-over-year decrease could temper any potential gains. Given the mixed nature of the report, the short-term impact on the stock price is likely to be neutral as investors digest both the positive and negative aspects of the earnings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100