Amarin Corp Q1 2024 Adj EPS $(0.01) Beats $(0.03) Estimate, Sales $56.519M Miss $57.045M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amarin Corp (NASDAQ:AMRN) reported Q1 2024 adjusted EPS of $(0.01), beating estimates of $(0.03) but saw a 150% decrease in earnings from the previous year. Sales were $56.519M, missing estimates by 0.92% and marking a 34.26% decrease from the previous year.
May 01, 2024 | 11:03 am
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NEUTRAL IMPACT
Amarin Corp reported a mixed Q1 2024 with an EPS beat but a miss on sales and significant decreases in both earnings and sales from the previous year.
The EPS beat might provide some positive sentiment, but the miss on sales and the significant year-over-year declines in both earnings and sales could create concerns about the company's growth trajectory and profitability, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100