Allakos Q1 2024 GAAP EPS $(0.81) Misses $(0.44) Estimate
Portfolio Pulse from Benzinga Newsdesk
Allakos (NASDAQ:ALLK) reported a Q1 2024 GAAP EPS loss of $(0.81), missing the consensus estimate of $(0.44) by 84.09%. This represents a 65.31% increase in losses compared to the same period last year.
May 09, 2024 | 8:54 pm
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Allakos reported a larger than expected loss for Q1 2024, with EPS at $(0.81), missing estimates by 84.09% and marking a significant increase in losses year-over-year.
The significant miss in earnings and the substantial increase in losses compared to the previous year are likely to negatively impact investor sentiment and could lead to a short-term decrease in Allakos' stock price. The magnitude of the miss and the worsening financial performance are critical factors for investors.
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