Nuvalent Q2 2024 GAAP EPS $(0.88) Misses $(0.76) Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuvalent reported a Q2 2024 GAAP EPS of $(0.88), missing the estimate of $(0.76).
August 08, 2024 | 10:40 am
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NEGATIVE IMPACT
Nuvalent reported a Q2 2024 GAAP EPS of $(0.88), which is worse than the estimated $(0.76). This miss could negatively impact the stock price in the short term.
The earnings per share (EPS) miss indicates that the company's performance was below market expectations, which typically leads to a negative reaction from investors and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100