OraSure Technologies Q2 2024 Adj. EPS $0.07 Beats $(0.03) Estimate, Sales $54.335M Beat $52.132M Estimate
Portfolio Pulse from Benzinga Newsdesk
OraSure Technologies (NASDAQ:OSUR) reported Q2 2024 adjusted EPS of $0.07, significantly beating the analyst estimate of $(0.03). The company also reported sales of $54.335 million, surpassing the $52.132 million estimate. However, this represents a 36.41% decrease from the same period last year.
August 06, 2024 | 8:39 pm
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OraSure Technologies reported Q2 2024 adjusted EPS of $0.07, beating the $(0.03) estimate. Sales were $54.335 million, exceeding the $52.132 million estimate but down 36.41% YoY.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on OSUR's stock price. However, the year-over-year sales decline may temper some of the enthusiasm.
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