argenx Q2 2024 GAAP EPS $0.45 Beats $(0.98) Estimate, Sales $489.428M Beat $439.217M Estimate
Portfolio Pulse from Benzinga Newsdesk
argenx (NASDAQ:ARGX) reported Q2 2024 GAAP EPS of $0.45, significantly beating the analyst estimate of $(0.98). The company also reported sales of $489.428 million, surpassing the estimate of $439.217 million. This represents a substantial year-over-year improvement in both earnings and sales.
July 25, 2024 | 5:09 am
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argenx reported Q2 2024 GAAP EPS of $0.45, beating the analyst estimate of $(0.98) by 145.92%. Sales of $489.428 million also exceeded the estimate of $439.217 million, marking a 74.15% year-over-year increase. This strong performance is likely to positively impact the stock price in the short term.
The significant beat on both EPS and sales, along with substantial year-over-year growth, indicates strong financial health and operational performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100