Rallybio Q1 EPS $(0.47) Beats $(0.50) Estimate
Portfolio Pulse from Benzinga Newsdesk
Rallybio reported Q1 earnings with losses of $(0.47) per share, surpassing the analyst consensus estimate of $(0.50) by 6%. However, this represents a 9.3% increase in losses compared to $(0.43) per share from the same period last year.
May 09, 2024 | 12:56 pm
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NEUTRAL IMPACT
Rallybio's Q1 earnings exceeded expectations with smaller losses than predicted, but showed an increase in losses year-over-year.
While beating estimates typically has a positive impact on stock prices, the increase in losses year-over-year could temper investor enthusiasm. The mixed results make the short-term impact neutral, as positive sentiment from beating estimates may be offset by concerns over increased losses.
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