Viatris Q2 Adjusted EPS $0.75 Beats $0.71 Estimate, Sales $3.91B Beat $3.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Viatris (NASDAQ:VTRS) reported Q2 earnings of $0.75 per share, beating the analyst consensus estimate of $0.71 by 5.92%. However, this is a 14.55% decrease from the same period last year. The company also reported quarterly sales of $3.91 billion, beating the estimate of $3.89 billion by 0.58%, but this is a 4.77% decrease from the same period last year.
August 07, 2023 | 11:03 am
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NEUTRAL IMPACT
Viatris reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While Viatris beat analyst estimates for Q2 earnings and sales, the figures are down from the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100