CytomX Therapeutics Q1 2024 GAAP EPS $0.17 Beats $(0.06) Estimate, Sales $41.463M Beat $21.434M Estimate
Portfolio Pulse from Benzinga Newsdesk
CytomX Therapeutics (NASDAQ:CTMX) reported Q1 2024 earnings of $0.17 per share, surpassing the $(0.06) estimate, with sales of $41.463M beating the $21.434M estimate, a 76.45% increase from last year.

May 08, 2024 | 9:01 pm
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CytomX Therapeutics reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales increase.
Beating both EPS and sales estimates by a wide margin, especially with a significant year-over-year sales increase, is likely to be viewed positively by investors. This outperformance could lead to increased investor confidence and a potential short-term uptick in CTMX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100