Cerus Q3 2024 GAAP EPS $(0.02) Beats $(0.03) Estimate, Sales $46.017M Miss $47.335M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cerus Corporation reported a Q3 2024 GAAP EPS of $(0.02), beating the estimate of $(0.03). However, sales were $46.017M, missing the $47.335M estimate. Sales increased by 15.70% compared to the same period last year.
October 30, 2024 | 8:01 pm
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NEUTRAL IMPACT
Cerus Corporation's Q3 2024 earnings per share beat expectations, but sales fell short of estimates. Despite the sales miss, there was a significant year-over-year sales increase.
Cerus Corporation's earnings per share exceeded analyst expectations, which is a positive indicator. However, the sales miss could offset this positive sentiment. The year-over-year sales growth is a strong point, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100