Applied DNA Sciences Q1 2024 GAAP EPS $(0.09) Beats $(0.31) Estimate, Sales $891.16K Beat $776.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied DNA Sciences (APDN) reported Q1 2024 earnings with a GAAP EPS of $(0.09), surpassing the $(0.31) estimate, and sales of $891.16K, exceeding the $776.00K estimate. This represents a significant improvement in EPS from the previous year but a sharp decrease in sales.

February 08, 2024 | 9:38 pm
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APDN reported a significant beat on EPS estimates and a modest beat on sales forecasts for Q1 2024, showing improved profitability but decreased sales compared to last year.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the significant decrease in sales year-over-year might temper some of the enthusiasm, hence the importance is not at the maximum.
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RELEVANCE 100