Benitec Biopharma shares are trading lower after the company reported worse-than-expected Q3 GAAP EPS results and a year-over-year decrease in Q3 revenue results.
Portfolio Pulse from Benzinga Newsdesk
Benitec Biopharma's shares dropped following the announcement of disappointing Q3 GAAP EPS results and a decline in Q3 revenue year-over-year.
May 13, 2024 | 3:32 pm
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Benitec Biopharma's stock price is likely to face short-term pressure due to disappointing Q3 earnings and revenue decline.
Earnings reports are critical events that directly impact stock prices. The worse-than-expected Q3 GAAP EPS results and the year-over-year decrease in Q3 revenue for Benitec Biopharma are likely to negatively affect investor sentiment and the stock price in the short term. Given the direct correlation between earnings performance and stock price movements, the negative report is expected to lead to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100