ProKidney Q1 EPS $(0.16) Remains Flat YoY, Exits Quarter With Cash & Equivalents Worth $329M
Portfolio Pulse from Benzinga Newsdesk
ProKidney reported Q1 EPS of $(0.16), beating analyst estimates of $(0.25) by 36% and remaining unchanged YoY. The company ended the quarter with $329M in cash and equivalents.
May 10, 2024 | 11:18 am
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ProKidney's Q1 earnings outperformed analyst expectations with an EPS of $(0.16), remaining stable YoY. The company's financial health is underscored by its substantial cash reserves of $329M.
Beating analyst estimates typically has a positive impact on investor sentiment and stock price in the short term. The unchanged EPS YoY indicates stability, while a strong cash position suggests financial health and operational flexibility.
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