Nuvalent Q1 2024 GAAP EPS $(0.69) Misses $(0.68) Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuvalent reported Q1 2024 GAAP EPS of $(0.69), missing the $(0.68) estimate by 1.47%, marking a 56.82% increase in losses from $(0.44) per share YOY.
May 09, 2024 | 10:36 am
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NEGATIVE IMPACT
Nuvalent's Q1 2024 earnings report showed a miss on EPS estimates and a significant increase in losses compared to the same period last year.
Missing earnings estimates, especially with a significant increase in losses year-over-year, is generally viewed negatively by investors and can lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100