United Therapeutics Q1 2024 GAAP EPS $6.17 Beats $5.56 Estimate, Sales $677.700M Beat $623.966M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Therapeutics (NASDAQ:UTHR) reported Q1 2024 GAAP EPS of $6.17, surpassing the $5.56 estimate, with a 10.97% beat. Sales reached $677.7M, exceeding the $623.966M estimate by 8.61%, marking a 33.70% increase from the previous year.
May 01, 2024 | 10:32 am
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United Therapeutics reported a significant beat on both EPS and sales for Q1 2024, with EPS at $6.17 against a $5.56 estimate and sales of $677.7M against a $623.966M estimate.
The substantial beat on both earnings per share and sales estimates for United Therapeutics indicates strong company performance and operational efficiency. This outperformance, especially with a significant year-over-year growth in sales, is likely to instill investor confidence and could lead to a positive short-term impact on UTHR's stock price. The exceedance of analyst expectations by nearly 11% for EPS and over 8% for sales, combined with the impressive year-over-year growth, underscores the company's momentum and may lead to upward revisions of future earnings estimates and stock price targets.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100