scPharmaceuticals Q1 2024 GAAP EPS $(0.36) Beats $(0.44) Estimate, Sales $6.10M Beat $5.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
scPharmaceuticals (NASDAQ:SCPH) reported Q1 2024 earnings with a GAAP EPS of $(0.36), surpassing the $(0.44) estimate, and sales of $6.10M, exceeding the $5.98M estimate. This represents a 195.69% increase in sales compared to the same period last year.

May 14, 2024 | 8:06 pm
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scPharmaceuticals reported a stronger than expected Q1 2024 performance with both earnings and sales surpassing analyst estimates, indicating robust growth.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The significant year-over-year sales growth further underscores the company's strong performance and may attract more investors.
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