Veru Q2 2024 Adj EPS $(0.07) Misses $(0.05) Estimate, Sales $4.10M Beat $3.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veru Inc. (NASDAQ:VERU) reported Q2 2024 earnings with an adjusted EPS of $(0.07), missing the $(0.05) estimate by 40%. However, their sales of $4.10M exceeded the $3.00M estimate by 36.67%, despite being a 37.75% decrease from the same period last year.
May 08, 2024 | 10:33 am
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Veru Inc. reported a mixed Q2 2024 earnings result with a miss on EPS but a beat on sales estimates. The sales also saw a significant decrease from the previous year.
The mixed earnings report from Veru Inc. presents a nuanced picture for investors. The miss on EPS could concern investors about profitability, while the beat on sales estimates might indicate better-than-expected revenue performance. The significant year-over-year sales decrease could raise questions about growth sustainability. Overall, the impact on the stock price could be neutral in the short term as investors weigh these factors.
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