Sangamo Therapeutics Q1 2024 GAAP EPS $(0.27) Misses $(0.22) Estimate, Sales $481.000K Miss $6.654M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sangamo Therapeutics reported Q1 2024 GAAP EPS of $(0.27), missing estimates by 22.73% and marking a 325% decrease from the previous year. Sales were $481K, missing estimates by 92.77% and representing a 99.70% decrease from the previous year.

May 09, 2024 | 8:30 pm
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NEGATIVE IMPACT
Sangamo Therapeutics' Q1 2024 earnings and sales significantly missed analyst estimates, indicating a substantial decrease in performance compared to the previous year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with the drastic decrease from the previous year's figures, suggests a negative short-term impact on SGMO's stock price. The magnitude of the miss and the comparison to last year's performance are critical factors indicating potential investor concern over the company's financial health and future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100