Amneal Pharmaceuticals Q1 2024 Adj EPS $0.14 Beats $0.09 Estimate, Sales $659.191M Beat $619.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amneal Pharmaceuticals (NYSE:AMRX) reported Q1 2024 adjusted EPS of $0.14, surpassing the $0.09 estimate, and sales of $659.191M, exceeding the $619.033M estimate. This represents a 16.67% increase in EPS and an 18.23% increase in sales from the same period last year.
May 03, 2024 | 10:04 am
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Amneal Pharmaceuticals reported a strong Q1 2024 performance with adjusted EPS and sales both exceeding analyst estimates, indicating robust growth.
The significant beat on both earnings per share (EPS) and sales estimates for Q1 2024 suggests a strong financial performance by Amneal Pharmaceuticals, which could lead to positive investor sentiment and a potential increase in stock price in the short term. The year-over-year growth in both EPS and sales further reinforces the company's upward trajectory, making this news highly relevant and important for investors.
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