Arvinas Q3 EPS $(1.18) Beats $(1.57) Estimate, Sales $34.60M Miss $40.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arvinas (NASDAQ:ARVN) reported Q3 losses of $(1.18) per share, beating the analyst consensus estimate of $(1.57) by 24.84%. However, the company's quarterly sales of $34.60 million missed the analyst consensus estimate of $40.51 million by 14.59%. This represents a 4.22% increase over sales of $33.20 million the same period last year.
November 07, 2023 | 12:22 pm
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NEUTRAL IMPACT
Arvinas reported better than expected Q3 EPS but missed on sales.
While the company beat EPS estimates, the miss on sales could offset any potential positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100