Cormedix Q3 2024 GAAP EPS $(0.05) Beats $(0.14) Estimate, Sales $11.456M Beat $10.839M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cormedix reported better-than-expected Q3 2024 results with a GAAP EPS of $(0.05), beating the estimate of $(0.14), and sales of $11.456M, surpassing the $10.839M estimate.
October 30, 2024 | 11:33 am
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Cormedix's Q3 2024 results exceeded expectations with a GAAP EPS of $(0.05) compared to the estimated $(0.14), and sales of $11.456M, beating the $10.839M estimate.
Cormedix's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates by significant margins suggests strong operational performance, which typically boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100