Reported Earlier, Trevena Q2 EPS $(0.23) Beats $(0.40) Estimate, Sales $325.00K Down From $3.02M YoY
Portfolio Pulse from Benzinga Newsdesk
Trevena (NASDAQ:TRVN) reported Q2 EPS of $(0.23), beating the $(0.40) estimate, and sales of $325K, down from $3.02M YoY.
August 08, 2024 | 9:35 pm
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Trevena reported a Q2 EPS of $(0.23), beating the $(0.40) estimate, but sales dropped significantly to $325K from $3.02M YoY.
While Trevena's EPS beat expectations, the significant drop in sales is concerning. The mixed results may lead to neutral short-term price movement as investors weigh the earnings beat against the revenue decline.
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IMPORTANCE 80
RELEVANCE 100