Durect (NASDAQ:DRRX) reported its Q3 earnings results on Monday, November 13, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Durect beat estimated earnings by 66.67%, reporting an EPS of $-0.14 versus an estimate of $-0.42.
Revenue was down $10.23 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 2.85% increase in the share price the next day.
Here’s a look at Durect’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.51 | -0.53 | -0.55 | -0.1 |
| EPS Actual | -0.46 | -0.52 | -0.46 | -0.1 |
| Revenue Estimate | 2.94M | 2.89M | 3.48M | 12.99M |
| Revenue Actual | 2.08M | 2.05M | 3.31M | 11.98M |
To track all earnings releases for Durect visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
