OraSure Technologies Q3 2023 Adj EPS $0.27 Beats $0.04 Estimate, Sales $89.19M Beat $74.96M Estimate
Portfolio Pulse from saritha@benzinga.com
OraSure Technologies (NASDAQ:OSUR) reported Q3 2023 earnings of $0.27 per share, beating the analyst consensus estimate of $0.04 by 575%. This is a 107.69% increase from the same period last year. The company also reported quarterly sales of $89.19 million, beating the analyst consensus estimate of $74.96 million by 18.98%. However, this is a 23.42% decrease from the same period last year.
November 07, 2023 | 9:37 pm
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OraSure Technologies reported strong Q3 2023 earnings, significantly beating estimates. However, sales decreased compared to the same period last year.
OraSure Technologies reported a significant beat on earnings estimates, which is likely to have a positive impact on the stock price. However, the decrease in sales compared to the same period last year could temper this positive impact.
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