iBio FY 2024 GAAP EPS $(6.50) Beats $(7.41) Estimate, Sales $225.000K Beat $25.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
iBio reported better-than-expected financial results for FY 2024, with a GAAP EPS of $(6.50) beating the estimate of $(7.41) and sales of $225,000 beating the $25,000 estimate.
September 20, 2024 | 8:09 pm
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POSITIVE IMPACT
iBio's FY 2024 financial results exceeded expectations, with a GAAP EPS of $(6.50) surpassing the $(7.41) estimate and sales of $225,000 significantly beating the $25,000 estimate.
iBio's better-than-expected earnings and revenue figures are likely to positively impact its stock price in the short term. The significant beat in sales, in particular, suggests strong operational performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100