Durect Q2 EPS $(0.46) Beats $(0.51) Estimate, Sales $2.08M Miss $2.94M Estimate
Portfolio Pulse from totan@benzinga.com
Durect (NASDAQ:DRRX) reported Q2 losses of $(0.46) per share, beating the analyst consensus estimate of $(0.51) by 9.8%. However, the company's quarterly sales of $2.08 million missed the analyst consensus estimate of $2.94 million by 29.22%.
August 09, 2023 | 8:19 pm
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NEUTRAL IMPACT
Durect's Q2 earnings beat estimates but sales fell short.
Durect's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The two factors could offset each other, leading to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100