Inotiv Q4 EPS $(0.38), Sales $140.74M Beat $139.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inotiv reported a Q4 loss of $0.38 per share with sales of $140.74M, slightly beating the consensus estimate of $139.43M. However, this represents a 6.46% decrease in sales compared to the same period last year.
December 11, 2023 | 9:08 pm
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NEUTRAL IMPACT
Inotiv's Q4 earnings report showed a loss per share of $0.38 and a slight beat on revenue estimates, but a year-over-year decline in sales.
While Inotiv beat revenue estimates, the reported loss per share and the decrease in sales compared to the previous year may concern investors. The mixed results could lead to neutral short-term stock price movement as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100