Arvinas Q3 2024 GAAP EPS $(0.68) Beats $(0.95) Estimate, Sales $102.400 Miss $57.421M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arvinas (NASDAQ:ARVN) reported a Q3 2024 GAAP EPS of $(0.68), beating the estimate of $(0.95). However, sales were $102.4 million, missing the $57.421 million estimate. This represents a 100% decrease from $34.6 million in the same period last year.
October 30, 2024 | 11:10 am
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Arvinas reported better-than-expected EPS for Q3 2024, but sales significantly missed estimates and decreased 100% from the previous year.
While Arvinas beat EPS estimates, the significant miss in sales and the 100% decrease from the previous year are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100