IGM Biosciences, Inc. (IGMS) Reports Q3 Loss, Tops Revenue Estimates
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IGM Biosciences, Inc. (IGMS) reported a Q3 loss of $1.01 per share, which was larger than the Zacks Consensus Estimate of a $0.82 loss. However, the company exceeded revenue expectations.
November 08, 2024 | 2:15 pm
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NEGATIVE IMPACT
IGM Biosciences reported a Q3 loss of $1.01 per share, missing the Zacks Consensus Estimate of $0.82. Despite the larger loss, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact the stock price in the short term. However, the fact that revenue exceeded expectations may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100