Assertio Holdings Q2 EPS $0.19 Beats $0.14 Estimate, Sales $40.99M Beat $39.58M Estimate
Portfolio Pulse from mahesh@benzinga.com
Assertio Holdings (NASDAQ:ASRT) reported Q2 earnings of $0.19 per share, beating the analyst consensus estimate of $0.14 by 35.71%. However, this is a 32.14% decrease from the same period last year. The company also reported quarterly sales of $40.99 million, beating the estimate of $39.58 million by 3.56%, and marking a 16.68% increase from last year.
August 04, 2023 | 2:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Assertio Holdings reported better than expected Q2 earnings and sales. However, earnings per share decreased by 32.14% compared to the same period last year.
While Assertio Holdings beat Q2 estimates, the YoY decrease in earnings per share might offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100