Amarin Corp Q2 2024 Adj. EPS $0.01 Beats $(0.04) Estimate, Sales $67.500M Beat $51.019M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amarin Corp (NASDAQ:AMRN) reported Q2 2024 adjusted EPS of $0.01, beating the $(0.04) estimate by 125%. Sales were $67.5M, surpassing the $51.019M estimate by 32.3%, despite a 15.8% decrease from the same period last year.
July 31, 2024 | 11:02 am
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Amarin Corp reported Q2 2024 adjusted EPS of $0.01, significantly beating the $(0.04) estimate. Sales were $67.5M, exceeding the $51.019M estimate by 32.3%, despite a 15.8% decrease from the same period last year.
The significant beat on both EPS and sales estimates is likely to positively impact AMRN's stock price in the short term, despite the year-over-year sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100