Assertio Holdings Q1 2024 Adj EPS $0.04 Beats $(0.03) Estimate, Sales $32.448M Beat $29.512M Estimate
Portfolio Pulse from Benzinga Newsdesk
Assertio Holdings (NASDAQ:ASRT) reported Q1 2024 adjusted EPS of $0.04, surpassing the $(0.03) estimate, with sales of $32.448M beating the $29.512M forecast. This represents a significant decrease in earnings and sales from the same period last year.
May 06, 2024 | 8:05 pm
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Assertio Holdings reported a strong Q1 2024 performance with earnings and sales exceeding estimates, despite a year-over-year decline.
The positive earnings surprise and sales beat for Assertio Holdings in Q1 2024, compared to analyst expectations, could lead to a short-term positive sentiment among investors. Despite the year-over-year decline, outperforming estimates typically results in a positive market reaction, suggesting a likely uptick in ASRT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100