Viatris Q3 2023 Adj EPS $0.79 Beats $0.74 Estimate, Sales $3.94B Miss $4.02B Estimate
Portfolio Pulse from totan@benzinga.com
Viatris (NASDAQ:VTRS) reported Q3 2023 earnings of $0.79 per share, beating the analyst consensus estimate of $0.74 by 6.76%. However, the company's quarterly sales of $3.94 billion missed the analyst consensus estimate of $4.02 billion by 1.94%. This represents a 9.2% decrease in earnings and a 3.33% decrease in sales compared to the same period last year.
November 07, 2023 | 9:44 pm
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Viatris reported better than expected Q3 2023 earnings but missed on sales. This mixed report, along with a decrease in both earnings and sales compared to last year, may lead to uncertainty in the market.
Viatris' earnings beat could be seen as a positive sign by investors, potentially driving the stock price up. However, the miss on sales and the year-over-year decrease in both earnings and sales could be seen as negative signs, potentially driving the stock price down. The net effect on the stock price is uncertain.
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