HUTCHMED (China) H1 EPS $0.15 Down From $0.97 YoY, Sales $305.68M Down From $532.87M YoY
Portfolio Pulse from Benzinga Newsdesk
HUTCHMED (China) (NASDAQ:HCM) reported a significant decline in its H1 earnings and sales. EPS dropped by 84.54% to $0.15 from $0.97 YoY, and sales fell by 42.64% to $305.68M from $532.87M YoY.
July 31, 2024 | 11:08 am
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HUTCHMED (China) reported a significant decline in its H1 earnings and sales. EPS dropped by 84.54% to $0.15 from $0.97 YoY, and sales fell by 42.64% to $305.68M from $532.87M YoY.
The significant decline in both EPS and sales is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100