Alkermes Q3 2024 GAAP EPS $0.56 Misses $0.59 Estimate, Sales $378.143M Miss $380.760M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alkermes reported its Q3 2024 financial results, with GAAP EPS of $0.56 missing the estimate of $0.59, and sales of $378.143 million falling short of the $380.760 million estimate.
October 24, 2024 | 11:05 am
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NEGATIVE IMPACT
Alkermes' Q3 2024 earnings report showed a miss on both EPS and sales estimates, which could negatively impact the stock price in the short term.
The earnings per share (EPS) and sales figures both missed analyst expectations, which typically leads to a negative reaction in the stock market. Investors often view such misses as a sign of underperformance, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100