Halozyme Therapeutics Q1 2024 Adj EPS $0.79 Beats $0.69 Estimate, Sales $195.879M Miss $199.777M Estimate
Portfolio Pulse from Benzinga Newsdesk
Halozyme Therapeutics (NASDAQ:HALO) reported Q1 2024 adjusted EPS of $0.79, surpassing the $0.69 estimate, but its sales of $195.879M fell short of the $199.777M forecast, marking a 20.81% increase from the previous year.
May 07, 2024 | 8:24 pm
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Halozyme Therapeutics reported a strong Q1 2024 with EPS beating estimates but sales slightly missing expectations.
The positive earnings surprise with a 14.49% beat on EPS estimates is likely to be viewed favorably by investors, potentially offsetting the slight miss on sales forecasts. The significant year-over-year sales growth of 20.81% further underscores the company's growth trajectory, which could bolster investor confidence in the short term.
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