Soligenix Q2 2024 GAAP EPS $(1.31) Beats $(1.77) Estimate
Portfolio Pulse from Benzinga Newsdesk
Soligenix (NASDAQ:SNGX) reported a Q2 2024 GAAP EPS of $(1.31), beating the analyst estimate of $(1.77) by 25.99%. However, revenues for the quarter were less than $0.1 million, down from $0.2 million in the previous quarter.
August 09, 2024 | 11:33 am
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Soligenix reported a Q2 2024 GAAP EPS of $(1.31), beating the analyst estimate of $(1.77) by 25.99%. However, revenues for the quarter were less than $0.1 million, down from $0.2 million in the previous quarter.
The better-than-expected EPS is a positive indicator and may boost investor confidence in the short term. However, the significant drop in revenue is a concern and could temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100