Taro Pharmaceutical Indus Q3 Sales $157.10M Beat $154.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Taro Pharmaceutical Industries Ltd. (NYSE:TARO) reported Q3 sales of $157.10M, surpassing the consensus estimate of $154.91M by 1.42% and marking a 12.86% increase from $139.20M in the same period last year.
January 25, 2024 | 10:07 pm
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Taro Pharmaceutical Industries Ltd. reported higher than expected Q3 sales, with a 1.42% beat on estimates and a significant year-over-year growth.
Beating sales estimates and showing a strong year-over-year growth are positive indicators for a company's financial health and often lead to a positive short term impact on the stock price. Given that the beat was modest, the impact may be positive but not necessarily large.
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