Neurocrine Biosciences Q1 Adj $1.20 Beats $1.01 Estimate, Sales $515.30M Beat $511.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Neurocrine Biosciences (NASDAQ:NBIX) reported Q1 earnings of $1.20 per share, surpassing the $1.01 estimate, marking a 335.29% increase from last year. Sales reached $515.30M, exceeding the $511.97M estimate, up 22.57% from the previous year.
May 01, 2024 | 11:06 am
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Neurocrine Biosciences reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $1.20 and sales at $515.30M.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year growth in earnings and sales, is likely to positively impact investor sentiment and the stock price of Neurocrine Biosciences in the short term. The company's performance indicates strong operational efficiency and market demand for its products, which could lead to increased investor confidence and potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100