Galapagos Q2 2024 Adj EPS $1.51 Beats $(0.04) Estimate, Sales $140.30M Beat $64.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Galapagos (NASDAQ:GLPG) reported Q2 2024 earnings per share of $1.51, significantly beating the analyst estimate of $(0.04). The company also reported sales of $140.30 million, surpassing the $64.75 million estimate, despite a 14.15% decrease from the same period last year.
August 01, 2024 | 8:06 pm
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Galapagos (NASDAQ:GLPG) reported Q2 2024 earnings per share of $1.51, significantly beating the analyst estimate of $(0.04). The company also reported sales of $140.30 million, surpassing the $64.75 million estimate, despite a 14.15% decrease from the same period last year.
Galapagos' Q2 2024 earnings and sales significantly exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The substantial beat on both EPS and sales, despite a year-over-year decrease in sales, indicates strong performance and could boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100