DURECT Q1 2024 EPS $(0.25) Up From $(0.52) YoY; Revenue $1.8M Down From $2.1M YoY
Portfolio Pulse from Benzinga Newsdesk
DURECT Corporation reported its Q1 2024 earnings with an EPS of $(0.25), an improvement from $(0.52) year-over-year. However, its revenue decreased to $1.8M from $2.1M in the same period.

May 13, 2024 | 8:08 pm
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NEUTRAL IMPACT
DURECT Corporation's Q1 2024 earnings report shows an improved EPS but a decrease in revenue compared to the previous year.
The improvement in EPS indicates a positive direction in reducing losses, which could be seen favorably by investors. However, the decline in revenue suggests challenges in sales or market demand, potentially offsetting the positive EPS impact. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100