Amneal Pharmaceuticals AMRX reported its Q4 earnings results on Friday, March 1, 2024 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Amneal Pharmaceuticals beat estimated earnings by 56.00000000000001%, reporting an EPS of $0.14 versus an estimate of $0.09.
Revenue was up $7.22 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 6.0% drop in the share price the next day.
Here's a look at Amneal Pharmaceuticals's past performance:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
---|---|---|---|---|
EPS Estimate | 0.13 | 0.10 | 0.10 | 0.21 |
EPS Actual | 0.19 | 0.19 | 0.12 | 0.23 |
Revenue Estimate | 595.27M | 562.49M | 537.31M | 579.91M |
Revenue Actual | 620.04M | 599.05M | 557.54M | 609.76M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Amneal Pharmaceuticals management provided guidance for FY 2024, expecting earnings between $0.53 and $0.63 per share.
To track all earnings releases for Amneal Pharmaceuticals visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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