Puma Biotechnology Q1 2024 Adj EPS $(0.05) Beats $(0.22) Estimate, Sales $43.800M Beat $41.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
Puma Biotechnology (NASDAQ:PBYI) reported Q1 2024 adjusted EPS of $(0.05), surpassing the $(0.22) estimate, with sales of $43.800M exceeding the $41.050M forecast. This represents a significant decrease in earnings and a slight decrease in sales from the same period last year.
May 02, 2024 | 9:06 pm
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Puma Biotechnology reported better-than-expected Q1 2024 earnings and sales, indicating a strong performance despite a year-over-year decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decline in earnings and sales might temper some of the positive impact.
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RELEVANCE 100