Recap: OraSure Technologies Q3 Earnings
Portfolio Pulse from Benzinga Insights
OraSure Technologies (NASDAQ:OSUR) reported its Q3 earnings results, beating estimated earnings by 575.0% with an EPS of $0.27 versus an estimate of $0.04. However, revenue was down $27.28 million from the same period last year. Last quarter, the company beat on EPS by $0.17, which was followed by a 32.29% increase in the share price the next day.
November 07, 2023 | 9:40 pm
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OraSure Technologies reported strong Q3 earnings, significantly beating estimates. However, revenue was down compared to the same period last year.
OraSure Technologies reported a significant beat on earnings estimates, which is generally a positive signal for the stock. However, the decrease in revenue compared to the same period last year might temper investor enthusiasm. Given the company's past performance, where a beat on EPS led to a significant increase in share price, it's likely that the stock will react positively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100