Lumos Pharma Q2 2024 GAAP EPS $(0.93) Beats $(1.24) Estimate, Sales $488.000K Beat $333.333K Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumos Pharma (NASDAQ:LUMO) reported Q2 2024 GAAP EPS of $(0.93), beating the estimate of $(1.24). Sales were $488.000K, surpassing the $333.333K estimate. Despite a year-over-year sales decrease, the results show significant improvement over analyst expectations.
August 01, 2024 | 8:40 pm
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Lumos Pharma reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.93) beating the $(1.24) estimate and sales of $488.000K surpassing the $333.333K estimate. Despite a year-over-year sales decrease, the results indicate significant improvement over analyst expectations.
The better-than-expected earnings and sales figures are likely to positively impact Lumos Pharma's stock price in the short term. Beating both EPS and sales estimates by significant margins suggests strong operational performance, which is typically viewed favorably by investors.
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