Recap: Aadi Bioscience Q1 Earnings

Aadi Bioscience (NASDAQ:AADI) reported its Q1 earnings results on Wednesday, May 10, 2023 at 08:00 AM. Here’s what…

Aadi Bioscience (NASDAQ:AADI) reported its Q1 earnings results on Wednesday, May 10, 2023 at 08:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Aadi Bioscience beat estimated earnings by 1.72%, reporting an EPS of $-0.57 versus an estimate of $-0.58.

Revenue was up $3.56 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.19 which was followed by a 3.94% increase in the share price the next day.

Here’s a look at Aadi Bioscience’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.71 -0.74 -0.75 -0.71
EPS Actual -0.52 -0.68 -0.69 -0.66
Revenue Estimate 4.65M 3.77M 2.75M 500K
Revenue Actual 5.23M 4.25M 3.44M 2.31M

To track all earnings releases for Aadi Bioscience visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Total
0
Shares
Related Posts
Read More

Aurora Reports 20% YoY Uptick In Global Medical Marijuana, Expects Benefits From International Cannabis Regulatory Reforms

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) announced on Thursday its financial and operational results for the fourth quarter and fiscal year 2024.The company reported a 5% year-over-year increase in revenue to CA$67.4 million ($49.1 million) in the fourth quarter. Global medical cannabis net revenue grew by 20% over the same period to CA$45.6 million. The increase in net revenue1 of $7.7 million was primarily due to higher sales to Australia and Europe in the current period following the success of newly launched innovative cultivars in these markets. 

ACB