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Stock impact report

Why Is Editas (EDIT) Down 26.2% Since Last Earnings Report? [Yahoo! Finance]

Editas Medicine, Inc. (EDIT) 
Last editas medicine, inc. earnings: 2/26 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.editasmedicine.com
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Editas due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Editas Q4 Earnings and Revenues Top Estimates Editasincurred a loss of 23 cents per share in the fourth quarter of 2023, narrower than the Zacks Consensus Estimate of a loss of 52 cents. The company had reported a loss of 88 cents per share in the year-ago quarter. Collaboration and other research and development (R&D) revenues, which comprise the company's top line, were $60 million in the reported quarter, up significantly from $6.5 million reported in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $13 million. The massive uptick in revenues was primarily driven by payments received under Editas' licensing agreement with Vertex during the fourth Show less Read more
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