Ardelyx Q3 GAAP EPS $0.03 Beats $(0.11) Estimate, Sales $56.39M Beat $22.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardelyx reported Q3 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.11) by 127.27%. This is a 121.43% increase over losses of $(0.14) per share from the same period last year. The company also reported quarterly sales of $56.39 million, beating the analyst consensus estimate of $22.77 million by 147.65%. This is a 1.03K% increase over sales of $4.99 million the same period last year.
October 31, 2023 | 11:02 am
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POSITIVE IMPACT
Ardelyx's Q3 earnings and sales significantly exceeded estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Ardelyx's Q3 earnings and sales have significantly exceeded estimates, which is a strong indicator of the company's financial performance. This positive news is likely to increase investor confidence and could potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100