OraSure Technologies Q4 2023 Adj EPS $0.22 Beats $0.09 Estimate, Sales $75.88M Beat $74.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
OraSure Technologies (NASDAQ:OSUR) reported Q4 2023 adjusted EPS of $0.22, surpassing the $0.09 estimate, with sales of $75.88M exceeding the $74.12M estimate. This represents a 38.35% decrease in sales compared to the same period last year.
February 27, 2024 | 9:26 pm
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OraSure Technologies reported a significant beat on both EPS and sales estimates for Q4 2023, with EPS at $0.22 against a $0.09 estimate and sales at $75.88M against a $74.12M estimate.
The significant beat on both EPS and sales estimates for Q4 2023 is likely to positively impact investor sentiment towards OSUR in the short term. The surpassing of analyst expectations generally leads to positive stock price movements. However, the notable year-over-year decrease in sales might temper some of the positive momentum, indicating that while the beat is significant, underlying challenges in sales growth persist.
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