Recap: Immatics Q1 Earnings - Immatics (NASDAQ:IMTX)

Immatics IMTX reported its Q1 earnings results on Tuesday, May 16, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Immatics beat estimated earnings by 6.67%, reporting an EPS of $-0.28 versus an estimate of $-0.3.

Revenue was down $105.00 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 4.37% drop in the share price the next day.

Here's a look at Immatics's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.33	-0.45	-0.15	1.88
EPS Actual	-0.23	-0.32	-0.23	1.52
Revenue Estimate	13.12M	12.52M	24.60M	153.62M
Revenue Actual	38.43M	15.18M	18.35M	115.52M

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Immatics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.