Alkermes Q1 Sales $350.372M Miss $360.258M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alkermes reported Q1 sales of $350.372M, missing the consensus estimate of $360.258M by 2.74%, but marking a 21.83% increase from last year's $287.595M.
May 01, 2024 | 11:03 am
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Alkermes missed Q1 sales estimates by 2.74%, reporting $350.372M against an expected $360.258M, yet saw a 21.83% increase from the previous year.
Missing sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth indicating a positive trend in revenue.
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