Biomarin Pharmaceutical Q4 2023 Adj EPS $0.49 Beats $0.23 Estimate, Sales $646.20M Beat $636.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Biomarin Pharmaceutical (BMRN) reported Q4 2023 adjusted EPS of $0.49, surpassing the $0.23 estimate, with sales of $646.20M exceeding the $636.88M forecast. This represents a 20.21% increase in sales compared to the same period last year.
February 22, 2024 | 9:04 pm
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Biomarin Pharmaceutical reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-over-year sales growth.
BMRN's substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales increase, is likely to positively influence investor sentiment and the stock price in the short term. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its products.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100