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Recap: Societal CDMO Q3 Earnings

Author: Benzinga Insights | November 08, 2023 05:55pm

Societal CDMO (NASDAQ:SCTL) reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Societal CDMO missed estimated earnings by 150.0%, reporting an EPS of $-0.05 versus an estimate of $-0.02.

Revenue was up $1.99 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 9.66% drop in the share price the next day.

Here's a look at Societal CDMO's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.03 -0.05 -0.07 -0.06
EPS Actual -0.04 -0.06 -0.07 -0.06
Revenue Estimate 21.94M 20.03M 25.24M 21.43M
Revenue Actual 21.80M 21.53M 24.28M 21.60M

To track all earnings releases for Societal CDMO visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: SCTL

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