Assertio Holdings Q2 2024 Adj. EPS $0.02 Beats $(0.03) Estimate, Sales $31.126M Beat $30.082M Estimate
Portfolio Pulse from Benzinga Newsdesk
Assertio Holdings (NASDAQ:ASRT) reported Q2 2024 adjusted EPS of $0.02, significantly beating the analyst estimate of $(0.03). The company also reported sales of $31.126 million, surpassing the $30.082 million estimate. However, this represents a 24.07% decrease from the same period last year.
August 07, 2024 | 9:35 pm
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Assertio Holdings reported Q2 2024 adjusted EPS of $0.02, beating the $(0.03) estimate by 166.67%. Sales of $31.126 million also surpassed the $30.082 million estimate, though they were down 24.07% YoY.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on ASRT's stock price. However, the YoY decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100