MeiraGTx Hldgs Q1 EPS $(0.32) Beats $(0.50) Estimate, Sales $697.00K Down From $3.33M YoY
Portfolio Pulse from Benzinga Newsdesk
MeiraGTx Holdings (MGTX) reported Q1 EPS of $(0.32), beating estimates of $(0.50) and improving from last year's $(0.62). However, sales dropped to $697K from $3.33M YoY, a 79.09% decrease.
May 09, 2024 | 1:01 pm
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NEUTRAL IMPACT
MeiraGTx Holdings reported a significant EPS beat and improvement from last year, but faced a sharp decline in sales.
The EPS beat and year-over-year improvement may be viewed positively by investors, indicating operational efficiency or cost management. However, the substantial decrease in sales could raise concerns about revenue generation and growth prospects, potentially offsetting the positive EPS impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100