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Stock impact report

ELTP Stock Falls Following Q3 Earnings Decline, Revenue Down Y/Y [Yahoo! Finance]

Elite Pharmaceuticals, Inc. (ELTP) 
NASDAQ:AMEX Investor Relations: ir.elitepharma.com
Company Research Source: Yahoo! Finance
This compares to the S&P 500 Index's 1.2% gain over the same time frame. Over the past month, the stock gained 7.6% compared with the S&P 500's 2% rise. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Financial Performance Elite Pharmaceuticals reported consolidated revenues of $14.4 million in the third quarter of fiscal 2025 ended Dec. 31, 2024, reflecting a 7.6% decline from the $15.5 million recorded in the prior-year quarter. The company attributed the decline to timing differences at the end of December, which resulted in shipment delays that pushed revenue recognition into January 2025. Manufacturing fees, the primary revenue driver, declined 7.1% to $13.7 million from $14.8 million a year earlier. Licensing Read more
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