CytomX Therapeutics Q2 2024 GAAP EPS $(0.08) Beats $(0.10) Estimate, Sales $25.115M Beat $19.995M Estimate
Portfolio Pulse from Benzinga Newsdesk
CytomX Therapeutics (NASDAQ:CTMX) reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.08), beating the estimate of $(0.10). The company also reported sales of $25.115 million, surpassing the $19.995 million estimate and showing a 1.58% increase from the same period last year.
August 08, 2024 | 9:39 pm
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CytomX Therapeutics reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.08) and sales of $25.115 million, beating analyst estimates. This positive performance is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The company's better-than-expected earnings and revenue figures are likely to positively impact the stock price in the short term. Beating both EPS and sales estimates by significant margins typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100