Eagle Pharmaceuticals shares are trading lower after the company announced it delayed its Q3 results to review potential adjustments relating to the reporting of sales of PEMFEXY prior to filling its Form 10-Q. Also, it expects to revise its FY23 guidance
Portfolio Pulse from Benzinga Newsdesk
Eagle Pharmaceuticals has delayed its Q3 results to review potential adjustments related to the reporting of sales of PEMFEXY. The company also expects to revise its FY23 guidance.
November 09, 2023 | 6:22 pm
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Eagle Pharmaceuticals' stock is trading lower due to the delay in Q3 results and potential revision of FY23 guidance.
The delay in Q3 results and the potential revision of FY23 guidance indicate uncertainty in the company's financial performance. This uncertainty is likely to negatively impact investor sentiment, leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100