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Market Impact: 0.2

Corcept Therapeutics (CORT) Reports Q1 Loss, Misses Revenue Estimates

CORT
Corporate EarningsCompany FundamentalsAnalyst EstimatesHealthcare & Biotech

Corcept Therapeutics reported a quarterly loss of $0.30 per share, exactly in line with the Zacks Consensus Estimate. That compares with earnings of $0.17 per share in the same quarter last year, indicating a year-over-year deterioration in profitability. The release is largely in line with expectations and is unlikely to drive a major market move.

Analysis

Corcept Therapeutics reported a quarterly loss of $0.30 per share, exactly in line with the Zacks Consensus Estimate. That compares with earnings of $0.17 per share in the same quarter last year, indicating a year-over-year deterioration in profitability. The release is largely in line with expectations and is unlikely to drive a major market move.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

-0.05

Ticker Sentiment

CORT-0.10