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0.000422297297297363 0.0016891891891893 0 0 -0.00253378378378373 0 -0.00506756756756746 -0.00337837837837831
Stock impact report

Watch These 5 Drug Stocks for Q1 Earnings: Beat or Miss? [Yahoo! Finance]

Viatris Inc. (VTRS) 
Company Research Source: Yahoo! Finance
other drug/generic companies due to report their first-quarter 2024 results this week. The majority of the large drugmakers have already reported their results. Many of these companies beat estimates for both earnings and sales. Some companies also raised their guidance for 2024, mainly the earnings per share outlook. Per the Zacks classification, the pharma/biotech industry comes under the broader Medical sector, which comprises pharma/biotech as well as medical device companies. As of May 1, per the Earnings Trends report, 55% of the companies in the Medical sector — representing 78.0% of the sector's market capitalization — reported quarterly earnings. Of these, 93.9% of participants beat estimates for earnings and 75.8% beat for revenues. While earnings declined 31.2% year over year, revenues rose 4.4% over the year-ago period. Overall, first-quarter earnings of the Medical sector are expected to decline 25.1%, while sales are expected to rise 7.1% year over year. Here w Show less Read more
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