Absci Q1 2024 GAAP EPS $(0.22) Misses $(0.21) Estimate, Sales $898.000K Miss $2.419M Estimate
Portfolio Pulse from Benzinga Newsdesk
Absci (NASDAQ:ABSI) reported Q1 2024 earnings with a GAAP EPS of $(0.22), missing the $(0.21) estimate, and sales of $898K, missing the $2.419M estimate. This represents a 15.38% decrease in losses per share and a 29.24% decrease in sales compared to the same period last year.

May 14, 2024 | 11:31 am
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NEGATIVE IMPACT
Absci's Q1 2024 earnings missed both EPS and sales estimates, with a notable decrease in sales compared to last year.
Missing earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The significant year-over-year decrease in sales further exacerbates concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100