Merus Q3 EPS $(1.46) Misses $(0.89) Estimate, Sales $11.77M Beat $7.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Merus (NASDAQ:MRUS) reported Q3 earnings with a larger-than-expected loss per share of $(1.46), missing the $(0.89) estimate. However, sales were $11.77M, surpassing the $7.89M estimate.
October 31, 2024 | 12:45 pm
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Merus reported a significant miss on EPS with a loss of $(1.46) compared to the expected $(0.89), but sales exceeded expectations at $11.77M. This mixed result may lead to volatility in the stock price.
The significant miss on EPS suggests negative sentiment, but the sales beat could offset this. The mixed results may lead to uncertainty and volatility in the stock price as investors weigh the earnings miss against the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100