Alvotech Q1 2024 GAAP EPS $(0.89) Up From $(1.24) YoY
Portfolio Pulse from Benzinga Newsdesk
Alvotech (NASDAQ:ALVO) reported a Q1 2024 GAAP EPS of $(0.89), an improvement from $(1.24) per share in the same period last year, representing a 28.23% reduction in losses.
May 21, 2024 | 9:20 pm
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Alvotech reported a Q1 2024 GAAP EPS of $(0.89), showing a 28.23% improvement from $(1.24) per share in the same period last year. This reduction in losses could positively impact investor sentiment.
The significant reduction in losses indicates improved financial performance, which is likely to boost investor confidence and positively impact the stock price in the short term.
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