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 down up 4.35%.
Vical Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.11 in the quarter versus EPS of $0.00 in the year-earlier quarter.
Revenue: Decreased 86.04% to $1.6 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 missed the mean analyst estimate of $-0.11. It missed the average revenue estimate of $2.02 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 31.03% from $2.32 million in the previous quarter. EPS increased to $-0.11 in the quarter versus EPS of $-0.09 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.11 and has not changed. For the current year, the average estimate has moved down from a loss of $0.4 to a loss of $0.48 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)