Inotiv On Thursday Reported Q3 EPS $0.07 Beats $(0.10) Estimate, Sales $157.47M Beat $151.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inotiv (NASDAQ:NOTV) reported Q3 earnings of $0.07 per share, beating the analyst consensus estimate of $(0.10) by 170 percent. This is a 146.67 percent increase over losses of $(0.15) per share from the same period last year. The company also reported quarterly sales of $157.47 million, beating the analyst consensus estimate of $151.08 million by 4.23 percent, although this is a 8.80 percent decrease over sales of $172.67 million the same period last year.
August 11, 2023 | 2:48 pm
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POSITIVE IMPACT
Inotiv's Q3 earnings and sales beat estimates, which could positively impact its stock price. However, the decrease in sales compared to the same period last year might temper this impact.
Inotiv's earnings beat estimates, which is generally a positive signal for investors and could lead to an increase in the stock price. However, the decrease in sales compared to the same period last year might be a concern for some investors, potentially tempering the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100