Absci Q2 2024 GAAP EPS $(0.22) Misses $(0.20) Estimate, Sales $1.27M Miss $1.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Absci (NASDAQ: ABSI) reported Q2 2024 GAAP EPS of $(0.22), missing the $(0.20) estimate. Sales were $1.27M, missing the $1.91M estimate. EPS improved by 51.11% YoY, but sales decreased by 62.28% YoY.
August 14, 2024 | 8:08 pm
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NEGATIVE IMPACT
Absci reported Q2 2024 GAAP EPS of $(0.22), missing the $(0.20) estimate. Sales were $1.27M, missing the $1.91M estimate. EPS improved by 51.11% YoY, but sales decreased by 62.28% YoY.
Absci's Q2 2024 earnings report shows a miss on both EPS and sales estimates. Despite an improvement in EPS YoY, the significant drop in sales and the miss on both key metrics are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100