Catalent Q3 EPS $(0.06) Misses $0.21 Estimate, Sales $1.07B Miss $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Catalent (NYSE:CTLT) reported Q3 earnings with a loss of $(0.06) per share, missing the analyst consensus estimate of $0.21. Quarterly sales were $1.07 billion, also missing the estimate of $1.12 billion. Despite these misses, both losses per share and sales showed an improvement over the same period last year.
May 08, 2024 | 10:25 pm
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NEGATIVE IMPACT
Catalent reported a significant miss in Q3 earnings and sales compared to analyst estimates, but showed year-over-year improvements.
Missing analyst estimates for both earnings per share and sales typically results in negative investor sentiment in the short term. However, the year-over-year improvements in both metrics may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100