Alkermes Q3 Adj EPS $0.64 Beats $0.43 Estimate, Sales $380.94M Beat $362.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alkermes reported Q3 adjusted earnings of $0.64 per share, beating the analyst consensus estimate of $0.43 by 48.84%. This is a 3100% increase from the same period last year. The company also reported quarterly sales of $380.94 million, beating the analyst consensus estimate of $362.15 million by 5.19%. This is a 50.95% increase from the same period last year.
October 25, 2023 | 11:09 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alkermes reported a significant increase in Q3 earnings and sales, beating analyst estimates. This positive financial performance could potentially lead to a short-term increase in the company's stock price.
Alkermes reported a significant increase in Q3 earnings and sales, beating analyst estimates. This indicates a strong financial performance, which is often a positive signal to investors and can lead to an increase in demand for the company's stock, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100