Alvotech FY 2023 GAAP EPS $(2.43) Misses $(1.07) Estimate, Sales $93.400M Miss $112.470M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alvotech reported FY 2023 GAAP EPS of $(2.43), missing the $(1.07) estimate, and sales of $93.4M, below the $112.47M estimate.
March 20, 2024 | 8:18 pm
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NEGATIVE IMPACT
Alvotech reported a significant miss in both GAAP EPS and sales for FY 2023, with EPS at $(2.43) and sales at $93.4M.
Alvotech's significant miss on both earnings per share and sales estimates for FY 2023 indicates underperformance compared to market expectations, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100