Rockwell Medical Q1 Adj $(0.02) Beats $(0.04) Estimate, Sales $22.68M Beat $21.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rockwell Medical reported Q1 adjusted losses of $(0.02) per share, beating estimates of $(0.04), and sales of $22.68M, surpassing the $21.70M estimate. This represents an 80% decrease in losses and a 15.29% increase in sales year-over-year.
May 14, 2024 | 10:02 am
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Rockwell Medical's Q1 earnings surpassed expectations with smaller losses and higher sales than forecasted, indicating strong performance and potential growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant improvement in losses and sales growth year-over-year further strengthens the case for a positive impact on RMTI's stock price in the short term.
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