Alvotech Q1 2024 Sales $36.894M Miss $45.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alvotech reported Q1 2024 sales of $36.894 million, missing the estimated $45 million.
May 21, 2024 | 9:22 pm
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NEGATIVE IMPACT
Alvotech reported Q1 2024 sales of $36.894 million, which is below the estimated $45 million. This earnings miss could negatively impact the stock price in the short term.
The significant miss on sales estimates is likely to cause a negative reaction from investors, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100