Xencor Q2 EPS $(1.07) Misses $(0.88) Estimate, Sales $16.96M Beat $15.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xencor (NASDAQ:XNCR) reported Q2 earnings per share (EPS) of $(1.07), missing the analyst estimate of $(0.88) by 21.59%. This represents a 189.19% decrease from the same period last year. However, the company reported quarterly sales of $16.96 million, beating the analyst estimate of $15.83 million by 7.12%, despite a 62.74% decrease from the same period last year.
August 05, 2024 | 8:14 pm
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NEGATIVE IMPACT
Xencor reported Q2 EPS of $(1.07), missing estimates by 21.59%, and a 189.19% decrease from last year. However, sales of $16.96M beat estimates by 7.12%, despite a 62.74% decrease from last year.
The significant miss on EPS and the large year-over-year decline in both EPS and sales are likely to negatively impact the stock price in the short term. However, the beat on sales estimates provides a slight positive offset.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100