Dr Reddy's Laboratories Q3 EPS $0.99 Beats $0.79 Estimate, Sales $866.64M Beat $825.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dr Reddy's Laboratories (NYSE:RDY) exceeded analyst expectations for Q3, posting earnings of $0.99 per share against the estimated $0.79, a 25.7% beat. Year-over-year, earnings rose by 9.12% from $0.91 per share. Sales reached $866.64M, surpassing estimates by 4.94% and marking a 5.10% increase from the previous year's $824.61M.
January 30, 2024 | 10:46 am
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POSITIVE IMPACT
Dr Reddy's Laboratories reported strong Q3 earnings and sales, surpassing analyst estimates with significant year-over-year growth.
Dr Reddy's Laboratories' earnings and sales beat not only reflects a solid quarter but also a positive trend in growth compared to the same period last year. This outperformance is likely to instill investor confidence and could lead to a short-term uptick in the stock price, as market participants react to the positive news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100