Veru Q3 2024 GAAP EPS $(0.07) Misses $(0.06) Estimate, Sales $3.954M Beat $3.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veru (NASDAQ:VERU) reported Q3 2024 GAAP EPS of $(0.07), missing the $(0.06) estimate, but sales of $3.954M beat the $3.500M estimate. EPS improved by 50% YoY, and sales increased by 18.35% YoY.
August 08, 2024 | 10:36 am
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Veru's Q3 2024 earnings report showed a GAAP EPS of $(0.07), missing the $(0.06) estimate, but sales of $3.954M beat the $3.500M estimate. EPS improved by 50% YoY, and sales increased by 18.35% YoY.
While Veru missed EPS estimates by 16.67%, the improvement in EPS by 50% YoY and the sales beat by 12.97% provide a mixed signal. The market may react neutrally in the short term as the positive sales growth offsets the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100