Belite Bio Q2 2024 GAAP EPS $(0.26) Misses $(0.25) Estimate
Portfolio Pulse from Benzinga Newsdesk
Belite Bio (NASDAQ:BLTE) reported a Q2 2024 GAAP EPS of $(0.26), missing the analyst consensus estimate of $(0.25) by 4%.

August 09, 2024 | 8:31 pm
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NEGATIVE IMPACT
Belite Bio reported a Q2 2024 GAAP EPS of $(0.26), missing the analyst consensus estimate of $(0.25) by 4%. This slight miss could lead to a short-term negative impact on the stock price.
The reported EPS miss, although slight, is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price. The miss indicates that the company did not meet market expectations, which can affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100