XOMA Q1 2024 GAAP EPS $(0.86) Misses $(0.81) Estimate
Portfolio Pulse from Benzinga Newsdesk
XOMA reported Q1 2024 GAAP EPS of $(0.86), missing the $(0.81) estimate by 6.17% but showing a 12.24% improvement over last year's $(0.98) per share loss.

May 09, 2024 | 12:38 pm
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XOMA's Q1 2024 earnings report showed a GAAP EPS loss of $(0.86), missing estimates but improving from last year's loss.
Missing the EPS estimate could lead to short-term negative sentiment among investors, despite the year-over-year improvement. The miss suggests potential challenges in profitability or cost management, which are critical factors for investor confidence.
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