Trevena Q1 2024 GAAP EPS $(0.36) Beats $(0.47) Estimate, Sales $20.000K Up From $6.000K YoY
Portfolio Pulse from Benzinga Newsdesk
Trevena reported its Q1 2024 GAAP EPS at $(0.36), beating the estimate of $(0.47). The company's sales increased to $20 million from $6 million year-over-year.
May 15, 2024 | 11:08 am
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POSITIVE IMPACT
Trevena's Q1 2024 GAAP EPS of $(0.36) beat the estimate of $(0.47), and sales increased significantly to $20 million from $6 million year-over-year.
The better-than-expected EPS and significant year-over-year sales growth are positive indicators for Trevena's financial health and could lead to a short-term increase in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100