Verastem (NASDAQ: VSTM) recently reported its fourth-quarter earnings results on Thursday, March 14, 2024, at 04:05 PM. The company’s performance in this period has caught the attention of investors and analysts alike.
In terms of earnings, Verastem fell short of estimated earnings by -77.0%, reporting an EPS of $-1.1 compared to an estimate of $-0.62. Additionally, revenue was down $0 from the same period last year, reflecting a challenging quarter for the company.
Looking back at the past earnings performance of Verastem, the company had beat EPS estimates by $0.13 in the last quarter. However, this positive surprise was followed by a 6.0% drop in the share price the next day, indicating the volatility and unpredictability of the market reactions to earnings reports.
Investors and analysts are closely monitoring Verastem’s performance and will be keen to see how the company navigates through the challenges it faces in the upcoming quarters. For those interested in tracking all earnings releases for Verastem, they can visit the company’s earnings calendar for more information.
This article was generated by Benzinga’s automated content engine and reviewed by an editor. Benzinga does not provide investment advice, but aims to provide valuable insights and information to help investors make informed decisions.
In conclusion, Verastem’s Q4 earnings results have raised concerns among investors, highlighting the need for careful monitoring of the company’s performance in the coming months. Stay tuned for more updates on Verastem and other companies in the market.
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