Synlogic Q2 2024 GAAP EPS $0.16 Beats $(0.36) Estimate, Cash And Cash Equivalents Of $20M
Portfolio Pulse from Benzinga Newsdesk
Synlogic reported a Q2 2024 GAAP EPS of $0.16, significantly beating the estimated $(0.36). The company also reported having $20 million in cash and cash equivalents.
August 08, 2024 | 12:34 pm
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Synlogic reported a Q2 2024 GAAP EPS of $0.16, significantly beating the estimated $(0.36). The company also reported having $20 million in cash and cash equivalents.
The significant beat on EPS estimates and the solid cash position are likely to positively impact Synlogic's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100