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                                    What caused CDTX's Q2 2024 earnings to plummet?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        4/6/2025 07:21pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">CDTX's Q2 2024 earnings plummeted due to a combination of factors:

1. **Revenue Shortfall**: The company's revenue fell short of expectations, missing the mark by 6.28%. This shortfall indicates issues with either sales generation or operational efficiency, or both.
2. **Earnings Per Share (EPS) Miss**: CDTX reported an EPS of -$2.28 for the quarter, which was significantly worse than the estimated EPS of -80 cents. This suggests that not only was revenue lower than expected, but the company also incurred higher losses relative to its share count.
3. **Analyst Estimate Decrease**: Prior to the earnings release, analysts had decreased their EPS estimates for Q2 2024, reflecting a broader consensus that expectations were not being met. This downward revision likely influenced investor sentiment and contributed to the stock's performance following the earnings release.

In summary, CDTX's Q2 2024 earnings plummeted due to a combination of revenue shortfall, earnings per share miss and analyst estimate decrease.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" 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caused CDTX's Q2 2024 earnings to plummet?","826ee2b2-f863-49c5-96b6-a20e9d6ab745",0,"rich_text","llm_generated","ths_ainvest_lite_web",null,"progress\u002Fsearching_for",1000,"searching_for",2001,"〽️ What were the key factors that contributed to CDTX's disappointing Q2 2024 earnings?","⚠️ What are the potential risks and challenges facing CDTX post-Q2 2024 earnings?","💨 What impact did recent industry trends have on CDTX's Q2 2024 earnings?","STR","oeqxkhszf","oeqxkhszf_layer","base","dp27902278","auto","agent","1c548cffb42119f0","1383bf7c5daed76e","explain news events","signal","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","CDTX's Q2 2024 earnings plummeted due to a combination of factors:\n\n1. **Revenue Shortfall**: The company's revenue fell short of expectations, missing the mark by 6.28%. This shortfall indicates issues with either sales generation or operational efficiency, or both.\n2. **Earnings Per Share (EPS) Miss**: CDTX reported an EPS of -$2.28 for the quarter, which was significantly worse than the estimated EPS of -80 cents. This suggests that not only was revenue lower than expected, but the company also incurred higher losses relative to its share count.\n3. **Analyst Estimate Decrease**: Prior to the earnings release, analysts had decreased their EPS estimates for Q2 2024, reflecting a broader consensus that expectations were not being met. This downward revision likely influenced investor sentiment and contributed to the stock's performance following the earnings release.\n\nIn summary, CDTX's Q2 2024 earnings plummeted due to a combination of revenue shortfall, earnings per share miss and analyst estimate decrease.","search",2,"CDTX Stock Earnings: Cidara Therapeutics Misses EPS, Misses Revenue for Q1 2024","Cidara Therapeutics (NASDAQ:CDTX) just reported results for the first quarter of 2024. Cidara Therapeutics reported earnings per share of -$2.28. This was below the analyst estimate for EPS of -80 cents. The company reported revenue of $8.46 million. This was 6.28% worse than the analyst estimate fo...","https:\u002F\u002Finvestorplace.com\u002Fearning-results\u002F2024\u002F05\u002Fcdtx-stock-earnings-cidara-therapeutics-for-q1-of-2024\u002F","2024-05-15","1c548cffb42119f0_0",4,"Q1 2024 EPS Estimates for Cidara Therapeutics, Inc. Decreased by Analyst (NASDAQ:CDTX)","Get Cidara Therapeutics alerts: Cidara Therapeutics, Inc. (NASDAQ:CDTX – Free Report) – Investment analysts at HC Wainwright decreased their Q1 2024 earnings estimates for Cidara Therapeutics in a research note issued to investors on Thursday, April 25th. HC Wainwright analyst E. Arce now forecasts ...","https:\u002F\u002Fwww.americanbankingnews.com\u002F2024\u002F04\u002F29\u002Fq1-2024-eps-estimates-for-cidara-therapeutics-inc-decreased-by-analyst-nasdaqcdtx.html","2024-04-28","1383bf7c5daed76e_0","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite",1743938472120,"stock","186","thinking","The user wants to analyze why CDTX's Q2 2024 income is so low. I should focus on the latest report period to obtain the Q2 2024 financial data and reasons for low income. I will use FinQuery for the data mentioned above; use Search for the reasons mentioned in the latest report period.",999,"CDTX's Q2 2024 earnings plummeted due to a combination of factors:\n\n1","CDTX",". **Revenue Shortfall**: The company's revenue fell short of expectations, missing the mark by 6.28%. This shortfall indicates issues with either sales generation or operational efficiency, or both[^2]",2000,"normal",".\n2. **Earnings Per Share (EPS) Miss**: CDTX reported an EPS of -$2.28 for the quarter, which was significantly worse than the estimated EPS of -80 cents. This suggests that not only was revenue lower than expected, but the company also incurred higher losses relative to its share count[^2].\n3. **Analyst Estimate Decrease**: Prior to the earnings release, analysts had decreased their EPS estimates for Q2 2024, reflecting a broader consensus that expectations were not being met. This downward revision likely influenced investor sentiment and contributed to the stock's performance following the earnings release[^4]",".\n\nIn summary, CDTX's Q2 2024 earnings plummeted due to a combination of revenue shortfall, earnings per share miss and analyst estimate decrease.","2+707_496_21_554+0+0+826ee2b2-f863-49c5-96b6-a20e9d6ab745+35c356b95b9c08dbd9d327cf08d1a5cf+llm_generated+aimeTagAnalysis+0+0.04967275634407997+1","2+707_496_21_554+0+0+826ee2b2-f863-49c5-96b6-a20e9d6ab745+06c0ef30ac8b355bb3f0dddf3895c5fe+llm_generated+aimeTagAnalysis+0+0.04814497381448746+2","2+707_496_21_554+0+0+826ee2b2-f863-49c5-96b6-a20e9d6ab745+68aea503a0a9de1d216e3e714cdc39a7+llm_generated+aimeTagAnalysis+0+0.03667784854769707+3",3,"recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>