Post-earnings recap
Reported
Tue, Mar 9, 2010
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
100%
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Exelixis reported a loss per share that was below expectations, contributing to a significant drop in stock price. The lack of revenue information and guidance may have increased investor uncertainty. The stock's decline of 7.34% suggests that investors are cautious about the company's future prospects.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.27 | N/A | -0.75% |
| Revenue | N/A | N/A | N/A |
Management's tone was defensive, reflecting the difficulties faced during the quarter. They did not offer any guidance for future performance.
Management did not provide specific guidance for future performance.
The company acknowledged challenges in meeting market expectations.