Recap: Viatris Q3 Earnings
Portfolio Pulse from Benzinga Insights
Viatris (NASDAQ:VTRS) reported its Q3 earnings, beating estimated earnings by 6.76% with an EPS of $0.79, against an estimate of $0.74. However, revenue was down $136.00 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 1.36% increase in the share price the next day.
November 07, 2023 | 9:45 pm
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POSITIVE IMPACT
Viatris's Q3 earnings beat estimates, which could lead to a short-term increase in share price, as seen in the previous quarter. However, the decrease in revenue year-over-year might temper this effect.
Viatris has a history of its share price increasing after beating earnings estimates, as seen in the previous quarter. However, the decrease in revenue compared to the same period last year might be a concern for investors, potentially limiting the positive impact on the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100