Clene Q1 EPS $(0.09) Misses $(0.08) Estimate, Sales $73.00K Miss $120.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Clene Inc. (NASDAQ:CLNN) reported Q1 earnings with a loss of $(0.09) per share, missing the $(0.08) estimate, and sales of $73.00K, below the $120.00K estimate. This represents a 40% increase in losses and a 31.78% decrease in sales from the same period last year.
May 08, 2024 | 12:28 pm
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Clene Inc. reported a larger than expected Q1 loss of $(0.09) per share and lower sales of $73.00K, missing estimates on both fronts.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The reported increase in losses and decrease in sales from the previous year further contribute to a negative outlook for Clene Inc.
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