Inotiv Q2 2024 Adj EPS $(0.83) Misses $(0.54) Estimate, Sales $119.035M Miss $129.778M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inotiv (NASDAQ:NOTV) reported Q2 2024 adjusted EPS of $(0.83), missing the $(0.54) estimate by 53.7%. Sales were $119.035M, missing the $129.778M estimate by 8.28% and down 21.41% from last year.
May 15, 2024 | 9:05 pm
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NEGATIVE IMPACT
Inotiv reported disappointing Q2 2024 results with EPS of $(0.83) missing estimates by 53.7% and sales of $119.035M missing estimates by 8.28%. Sales also decreased by 21.41% YoY.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100