Codexis Q3 2024 GAAP EPS $(0.29) Misses $(0.23) Estimate, Sales $12.833M Beat $11.482M Estimate
Portfolio Pulse from Benzinga Newsdesk
Codexis (NASDAQ:CDXS) reported Q3 2024 earnings with a GAAP EPS of $(0.29), missing the estimate of $(0.23). However, sales were $12.833M, surpassing the $11.482M estimate and showing a 38.33% increase from the previous year.
October 31, 2024 | 8:11 pm
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Codexis reported a Q3 2024 EPS of $(0.29), missing estimates, but sales of $12.833M beat expectations and increased significantly from last year.
The earnings per share (EPS) miss indicates potential concerns about profitability, which could negatively impact the stock price. However, the significant sales beat and year-over-year growth suggest strong revenue performance, which could offset the negative EPS impact. Overall, the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100