Zai Lab Q2 2024 GAAP Loss Per ADS $(0.82) Misses $(0.70) Estimate, Sales $100.504M Beat $93.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zai Lab (NASDAQ:ZLAB) reported a Q2 2024 GAAP loss per ADS of $(0.82), missing the $(0.70) estimate, but achieved sales of $100.504M, beating the $93.136M estimate. Losses improved by 34.4% year-over-year, while sales increased by 45.95%.
August 06, 2024 | 8:15 pm
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Zai Lab reported a Q2 2024 GAAP loss per ADS of $(0.82), missing the $(0.70) estimate, but achieved sales of $100.504M, beating the $93.136M estimate. Losses improved by 34.4% year-over-year, while sales increased by 45.95%.
While Zai Lab missed earnings estimates, the significant improvement in losses and the substantial beat in sales figures provide a mixed outlook. The market may react neutrally in the short term as investors weigh the positive sales growth against the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100