Ardelyx Q2 EPS $(0.08) Beats $(0.12) Estimate, Sales $22.33M Beat $15.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardelyx reported Q2 earnings per share (EPS) of $(0.08), beating the estimate of $(0.12) by 33.33%. This is a 57.89% increase over the same period last year. Quarterly sales were $22.33M, surpassing the estimate of $15.88M by 40.64%, marking a 784.13% increase from last year.
August 04, 2023 | 10:58 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ardelyx's Q2 results exceeded expectations with EPS and sales beating estimates. This positive performance could boost investor confidence.
Ardelyx's Q2 results exceeded analyst estimates, which is typically a positive signal for the stock. The significant increase in sales YoY also indicates strong growth, which could attract more investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100