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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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