Recap: Catalent Q1 Earnings
Portfolio Pulse from Benzinga Insights
Catalent (NYSE:CTLT) reported Q1 earnings with an EPS of $-0.1, beating estimates by 28.57% but with a revenue decrease of $40 million from the previous year. Last quarter, a slight EPS miss was followed by a 2.45% share price increase the next day. Historical earnings data shows mixed performance over the past four quarters.
November 15, 2023 | 12:05 pm
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Catalent reported better-than-expected Q1 EPS but saw a decline in revenue compared to last year. Historical data shows a positive stock reaction following last quarter's EPS miss.
While Catalent beat EPS estimates, the decline in revenue could concern investors. However, the stock's previous reaction to an EPS miss was positive, suggesting mixed expectations. The impact is neutral as positive earnings could be offset by lower revenues.
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