Lineage Cell Therapeutics Q1 2024 GAAP EPS $(0.04), Inline, Sales $1.444M Beat $1.359M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lineage Cell Therapeutics (LCTX) reported Q1 2024 GAAP EPS of $(0.04), meeting analyst estimates, with sales of $1.444M beating the $1.359M estimate but marking a 39.48% decrease from the previous year.
May 09, 2024 | 9:03 pm
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NEUTRAL IMPACT
Lineage Cell Therapeutics reported a Q1 2024 EPS of $(0.04), in line with estimates, and sales of $1.444M, exceeding expectations but showing a significant year-over-year decline.
While LCTX met EPS estimates and exceeded sales forecasts, the significant year-over-year sales decline may concern investors. The EPS meeting expectations suggests operational stability, but the sales decrease could indicate underlying challenges. The neutral score reflects the mixed nature of the financial results, balancing the positive sales beat against the negative trend in revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100