CombiMatrix Corp (NASDAQ: CBMX)
CombiMatrix is having a great time in pre-market trading at the moment, and for good reason. Yesterday, after the closing bell, the company released its earnings report. Below, we’ll talk about what we saw from the earnings report, what we’re seeing from the stock as a result, and what binary options traders should be watching for ahead.
What We Saw From The CBMX Report
As mentioned above, CombiMatrix reported its earnings after the closing bell yesterday, beating expectations. Here’s what we saw from the report…
- Earnings Per Share – In terms of earnings per share, CBMX did overwhelmingly well. In fact, during the quarter, analysts expected that the company would generate a loss of $0.39 per share. However, the company actually reported a loss of $0.22 per share, blowing away expectations.
- Revenue – When it comes to revenue, investors received more good news. During the quarter, analysts expected that the company would generate revenue in the amount of $2.68 million. However, the company actually reported revenue for the quarter in the amount of $3.54 million.
How The Stock Reacted To The News
As is always the case, earnings move the market. In this case, this is no different. The strong earnings are leading to strong gains on the stock. Currently (9:20), CBMX is trading at $4.85 per share after a gain of $0.80 per share or 19.75% thus far today.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on CBMX. In particular, we’re interested in the company’s progress with regard to its impressive pipeline. Nonetheless, we’ll be watching the stock closely and bringing all news to you as it breaks!
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