Catalent Q1 Adjusted EPS $(0.10) Beats $(0.14) Estimate, Sales $982.00M Beat $939.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Catalent (NYSE:CTLT) reported Q1 adjusted EPS of $(0.10), surpassing the $(0.14) estimate, and sales of $982.00M, exceeding the $939.14M estimate. However, these figures represent a 129.41% decrease in EPS and a 3.91% decrease in sales from the same period last year.
November 15, 2023 | 12:03 pm
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NEUTRAL IMPACT
Catalent's Q1 results beat EPS and sales estimates but showed significant declines from the previous year's figures.
While Catalent beat analyst estimates for EPS and sales, the substantial year-over-year decline in both earnings and sales may concern investors. The mixed results could lead to neutral short-term stock price movement as positive reactions to beating estimates may be tempered by the declines.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100