Durect Q2 2024 GAAP EPS $(0.12) Beats $(0.17) Estimate, Sales $2.171M Miss $2.492M Estimate
Portfolio Pulse from Benzinga Newsdesk
Durect (NASDAQ:DRRX) reported Q2 2024 GAAP EPS of $(0.12), beating the estimate of $(0.17) by 29.41%. However, sales of $2.171M missed the $2.492M estimate by 12.87%, though it was a 4.32% increase from the same period last year.
August 13, 2024 | 8:06 pm
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Durect's Q2 2024 GAAP EPS of $(0.12) beat estimates by 29.41%, but sales of $2.171M missed expectations by 12.87%. Sales increased 4.32% YoY.
While Durect's EPS beat expectations significantly, the miss on sales and the relatively small YoY sales increase may neutralize the positive impact on the stock price.
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