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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NEUTRAL IMPACT
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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