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Axsome Therapeutics (NASDAQ:AXSM) Issues Earnings Results, Beats Expectations By $999.72 EPS
Axsome Therapeutics (NASDAQ:AXSM) reported its quarterly earnings, announcing $999.00 earnings per share, significantly surpassing the consensus estimate of ($0.72) by $999.72. Despite the strong earnings beat, the company registered negative financial metrics including a negative return on equity of 277.31% and a negative net margin of 40.90%, with its stock opening at $183.72 on the day of the announcement. Insider sales have occurred recently, and institutional investors have adjusted their positions, while analysts maintain a “Moderate Buy” consensus rating with an average target price of $216.07.