Xencor Q1 2024 GAAP EPS $(1.11) Misses $(0.78) Estimate, Sales $12.805M Miss $24.992M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xencor (NASDAQ:XNCR) reported Q1 2024 GAAP EPS of $(1.11), missing the $(0.78) estimate, with sales of $12.805M also missing the $24.992M estimate, marking a 32.47% decrease from the same period last year.
May 09, 2024 | 9:26 pm
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Xencor reported a significant miss in both EPS and sales for Q1 2024, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially by such large margins, is likely to negatively impact investor sentiment and stock price in the short term. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory and operational efficiency.
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