Zai Lab (NASDAQ:ZLAB) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Zai Lab beat estimated earnings by 25.26%, reporting an EPS of $-0.71 versus an estimate of $-0.95.
Revenue was up $11.69 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.51 which was followed by a 8.58% drop in the share price the next day.
Here's a look at Zai Lab's past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.74 | -0.95 | -1.11 | -1.25 |
| EPS Actual | -1.25 | -0.51 | -0.65 | -1.68 |
| Revenue Estimate | 71.40M | 64.97M | 62.25M | 53.72M |
| Revenue Actual | 68.86M | 62.80M | 62.60M | 57.54M |
To track all earnings releases for Zai Lab visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.