argenx Q1 2024 GAAP EPS $(0.52) Beats $(0.74) Estimate, Sales $398.283M Miss $405.776M Estimate
Portfolio Pulse from Benzinga Newsdesk
argenx (NASDAQ:ARGX) reported Q1 2024 earnings with a GAAP EPS of $(0.52), surpassing the $(0.74) estimate, marking a 29.73% beat and a 50% improvement from last year's $(1.04) per share. However, their sales of $398.283M fell short of the $405.776M estimate by 1.85%, despite being an 82.68% increase from the previous year's $218.022M.
May 09, 2024 | 6:06 am
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argenx reported a better-than-expected Q1 2024 EPS of $(0.52) against estimates of $(0.74), showing a 50% improvement from last year. However, their sales of $398.283M missed estimates by 1.85%, despite a significant year-over-year increase.
The positive earnings surprise, with EPS beating estimates by 29.73% and showing a significant improvement from the previous year, is likely to be viewed positively by investors, potentially leading to a short-term uptick in ARGX's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment. The substantial year-over-year sales growth indicates strong business momentum, which could further support investor optimism.
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