Assertio Holdings Q3 Adj EPS $0.01 Misses $0.11 Estimate, Sales $35.63M Miss $53.13M Estimate
Portfolio Pulse from bharat@benzinga.com
Assertio Holdings (NASDAQ:ASRT) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.11 by 90.91%. This is a 95.45% decrease from the same period last year. The company also reported quarterly sales of $35.63 million, missing the analyst consensus estimate of $53.13 million by 32.94%. This is a 4.14% increase from the same period last year.
November 08, 2023 | 9:46 pm
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Assertio Holdings' Q3 earnings and sales missed estimates, which could negatively impact the stock price.
Assertio Holdings reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100