Alvotech H1 2024 EPS $(0.61) Vs $(0.39) YoY; Revenue $236M Vs $20.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Alvotech reported its H1 2024 earnings per share (EPS) at $(0.61), a decline from $(0.39) year-over-year (YoY). However, the company's revenue surged to $236 million from $20.3 million YoY.
August 15, 2024 | 8:24 pm
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NEUTRAL IMPACT
Alvotech's H1 2024 EPS fell to $(0.61) from $(0.39) YoY, indicating a decline in profitability. However, the revenue increased significantly to $236 million from $20.3 million YoY, showing strong sales growth.
The decline in EPS suggests a decrease in profitability, which could negatively impact the stock price. However, the significant increase in revenue indicates strong sales growth, which could offset the negative impact on the stock price. Overall, the mixed results may lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100