Cerus Q2 2024 GAAP EPS $(0.03) Beats $(0.04) Estimate, Sales $45.079M Miss $46.627M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cerus Corporation (NASDAQ:CERS) reported Q2 2024 GAAP EPS of $(0.03), beating the estimate of $(0.04). However, sales of $45.079M missed the $46.627M estimate. EPS improved by 57.14% YoY, and sales increased by 16.02% YoY.
August 01, 2024 | 8:13 pm
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Cerus Corporation reported better-than-expected Q2 2024 GAAP EPS of $(0.03), beating the $(0.04) estimate. However, sales of $45.079M missed the $46.627M estimate. Despite the sales miss, EPS improved significantly YoY, indicating better cost management or operational efficiency.
The better-than-expected EPS indicates improved profitability, which is a positive signal for investors. The sales miss is relatively minor and offset by the significant YoY improvement in both EPS and sales. This suggests that the company is on a positive trajectory, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100