Galapagos Q3 2024 GAAP EPS $(0.34) Misses $(0.27) Estimate, Sales $219.99M Beat $69.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Galapagos (NASDAQ:GLPG) reported Q3 2024 earnings with a GAAP EPS of $(0.34), missing the estimate of $(0.27). However, sales were $219.99M, significantly beating the $69.80M estimate and showing a 68.39% increase from the previous year.
October 30, 2024 | 8:10 pm
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Galapagos reported a Q3 2024 EPS of $(0.34), missing estimates, but sales of $219.99M beat expectations by 215.19% and increased 68.39% YoY.
Despite missing EPS estimates, Galapagos' significant sales beat and year-over-year growth are positive indicators. The market may react favorably to the strong sales performance, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100