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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100