Inotiv Q3 2024 GAAP EPS $(1.00) Misses $(0.42) Estimate, Sales $105.786M Miss $123.396M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inotiv (NASDAQ:NOTV) reported Q3 2024 GAAP EPS of $(1.00), missing the $(0.42) estimate by 138.1%. Sales were $105.786M, missing the $123.396M estimate by 14.27% and down 32.82% from last year's $157.468M.
August 08, 2024 | 9:33 pm
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NEGATIVE IMPACT
Inotiv (NASDAQ:NOTV) reported Q3 2024 GAAP EPS of $(1.00), significantly missing the $(0.42) estimate by 138.1%. Sales were $105.786M, missing the $123.396M estimate by 14.27% and down 32.82% from last year's $157.468M.
Inotiv's significant miss on both EPS and sales estimates, along with a substantial year-over-year sales decline, is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100