Celcuity Q2 Adj EPS $(0.58) Beats $(0.68) Estimate
Portfolio Pulse from Benzinga Newsdesk
Celcuity (NASDAQ:CELC) reported a Q2 adjusted EPS of $(0.58), beating the analyst consensus estimate of $(0.68) by 14.71%. This represents a 13.73% increase in losses compared to $(0.51) per share from the same period last year.
August 14, 2024 | 8:02 pm
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Celcuity reported a Q2 adjusted EPS of $(0.58), beating the analyst consensus estimate of $(0.68) by 14.71%. Despite the beat, the losses increased by 13.73% compared to the same period last year.
The beat on EPS estimates is a positive signal for investors, indicating better-than-expected financial performance. However, the increase in losses compared to last year may temper some of the enthusiasm. Overall, the short-term impact on the stock price is likely to be positive due to the earnings beat.
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IMPORTANCE 80
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