Arvinas Q2 2024 GAAP EPS $(0.49) Beats $(0.83) Estimate, Sales $76.500M Beat $55.272M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arvinas reported its Q2 2024 financial results, with a GAAP EPS of $(0.49), beating the estimate of $(0.83). The company's sales were $76.5 million, surpassing the expected $55.272 million.
July 30, 2024 | 11:19 am
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Arvinas reported better-than-expected Q2 2024 financial results, with a GAAP EPS of $(0.49) beating the $(0.83) estimate and sales of $76.5 million surpassing the $55.272 million estimate.
Arvinas' better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100