Fennec Pharmaceuticals Q1 2024 GAAP EPS $0.41 Beats $0.26 Estimate, Sales $25.377M Beat $18.876M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fennec Pharmaceuticals (NASDAQ:FENC) reported Q1 2024 earnings of $0.41 per share, surpassing the $0.26 estimate, marking a 278.26% increase from last year. Sales reached $25.377M, beating the $18.876M estimate, a 1.41K% increase from the previous year.

May 14, 2024 | 10:27 am
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Fennec Pharmaceuticals reported a significant beat on both earnings and sales estimates for Q1 2024, with a substantial year-over-year growth.
The substantial beat on both earnings per share and sales estimates, coupled with the impressive year-over-year growth, is likely to generate positive investor sentiment and could lead to a short-term increase in Fennec Pharmaceuticals' stock price. The magnitude of the beat and growth rates are significant indicators of the company's performance and potential future growth, making this news highly relevant and important for investors.
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IMPORTANCE 95
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