Merus Q2 EPS $(0.81) Misses $(0.76) Estimate, Sales $7.33M Miss $8.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Merus (NASDAQ:MRUS) reported Q2 earnings per share (EPS) of $(0.81), missing the analyst estimate of $(0.76). Sales were $7.33 million, also below the $8.44 million estimate. Both EPS and sales showed significant declines compared to the same period last year.
August 01, 2024 | 9:17 pm
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Merus reported Q2 EPS of $(0.81), missing the $(0.76) estimate, and sales of $7.33M, missing the $8.44M estimate. Both figures showed significant declines from the previous year.
The significant miss on both EPS and sales estimates, coupled with year-over-year declines, is likely to negatively impact Merus's stock price in the short term.
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