Yahoo Finance Assertio Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Assertio Holdings (NASDAQ:ASRT) First Quarter 2024 Results
Key Financial Results
Revenue: US$32.4m (down 24% from 1Q 2023).
Net loss: US$4.51m (loss widened by 29% from 1Q 2023).
US$0.047 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Assertio Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) missed analyst estimates by 67%.
Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Pharmaceuticals industry in the US are expected to grow by 9.3%.
Performance of the American Pharmaceuticals industry.
The company's shares are up 25% from a week ago.
Risk Analysis
Be aware that Assertio Holdings is showing 3 warning signs in our investment analysis and 2 of those can't be ignored...
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