Assertio Holdings Third Quarter 2024 Earnings: Beats Expectations

Assertio Holdings (NASDAQ:ASRT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$29.2m (down 18% from 3Q 2023).
• Net loss: US$2.92m (loss narrowed by 99% from 3Q 2023).
• US$0.031 loss per share (improved from US$3.42 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Assertio Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Be aware that Assertio Holdings is showing 1 warning sign in our investment analysis that you should know about...

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