Vical Earnings: Here’s Why Investors are Happy Now
Vical Inc. (NASDAQ:VICL) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 8%.
Vical Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.11 in the quarter versus EPS of $-0.09 in the year-earlier quarter.
Revenue: Decreased 4.46% to $1.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vical Inc. reported adjusted EPS loss of $0.11 per share. By that measure, the company met the mean analyst estimate of $-0.11. It missed the average revenue estimate of $1.69 million.
Key Stats (on next page)…
Revenue decreased 4.46% from $1.57 million in the previous quarter. EPS were the same at $-0.11 in the quarter as EPS of $-0.11 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.12 to a loss $0.11. For the current year, the average estimate has moved up from a loss of $0.48 to a loss of $0.44 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)