Biomea Fusion Q3 EPS $(0.91) Beats $(1.00) Estimate
Portfolio Pulse from Benzinga Newsdesk
Biomea Fusion reported a Q3 EPS of $(0.91), beating the analyst estimate of $(1.00) and showing a 13.75% increase in losses compared to last year.
October 29, 2024 | 8:56 pm
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Biomea Fusion's Q3 EPS of $(0.91) beat the analyst estimate of $(1.00), indicating better-than-expected performance despite a year-over-year increase in losses.
The better-than-expected EPS suggests that Biomea Fusion is performing better than analysts anticipated, which could positively influence investor sentiment and lead to a short-term increase in stock price. However, the increase in losses compared to last year may temper some of the positive impact.
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