Investing.com - Veru reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Veru announced earnings per share of $-0.510 on revenue of $2.59M. Analysts polled by Investing.com anticipated EPS of $-0.303 on revenue of $11.55M.
Veru shares are up 7% from the beginning of the year , still down 74.30% from its 52 week high of $24.55 set on Wednesday, August 17, 2022.
Veru shares gained 14.73% in intra-day trade the report.
Veru follows other major Consumer Staples sector earnings this month
Veru's report follows an earnings beat by Walmart on Tuesday, November 15, 2022, who reported EPS of $1.5 on revenue of $152.8B, compared to forecasts EPS of $1.32 on revenue of $147.55B.
Alimentation Couchen A had beat expectations on Wednesday, November 23, 2022 with second quarter EPS of $0.79 on revenue of $16.88B, compared to forecast for EPS of $0.7733 on revenue of $14,338M.
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