Amarin Corp Q4 Adj EPS $0.00 Beats $(0.03) Estimate, Sales $74.71M Beat $63.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amarin Corp (NASDAQ:AMRN) reported Q4 adjusted earnings per share of $0.00, surpassing the analyst consensus estimate of $(0.03). Quarterly sales were $74.71 million, exceeding the $63.81 million estimate. However, this represents a 95% decrease in earnings and a 17.21% decrease in sales compared to the same period last year.
February 29, 2024 | 12:04 pm
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Amarin Corp reported better-than-expected Q4 earnings and sales, but experienced significant declines compared to last year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year declines in both earnings and sales may temper investor enthusiasm, suggesting a cautious optimism.
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