Arvinas Q1 2024 GAAP EPS $(0.97) Beats $(1.38) Estimate, Sales $25.300M Miss $34.838M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arvinas reported its Q1 2024 earnings with a GAAP EPS of $(0.97), surpassing the $(1.38) estimate. However, its sales of $25.3 million fell short of the expected $34.838 million.
May 07, 2024 | 11:29 am
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Arvinas' Q1 2024 earnings exceeded EPS estimates but missed on sales forecasts.
The positive impact of beating EPS estimates may be offset by the negative impact of missing sales forecasts, leading to a neutral short-term price direction. Investors typically value both earnings and revenue performance, and the mixed results could lead to varied interpretations.
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