Codexis Q2 2024 GAAP EPS $(0.32) Misses $(0.25) Estimate, Sales $7.979M Beat $7.825M Estimate
Portfolio Pulse from Benzinga Newsdesk
Codexis (NASDAQ:CDXS) reported Q2 2024 GAAP EPS of $(0.32), missing the $(0.25) estimate by 28%. However, sales of $7.979M beat the $7.825M estimate by 1.97%, though this represents a 62.58% decrease from the same period last year.
August 08, 2024 | 8:39 pm
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Codexis reported a Q2 2024 GAAP EPS of $(0.32), missing the $(0.25) estimate by 28%. Sales of $7.979M beat the $7.825M estimate by 1.97%, but were down 62.58% YoY.
The significant EPS miss by 28% is likely to negatively impact investor sentiment, despite the slight beat in sales. The 62.58% YoY decrease in sales further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100