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Organon & Co. missed earnings expectations, yet its stock opened higher amid a "Hold" rating.
Organon & Co., a pharmaceutical company, reported quarterly earnings of $0.83 per share, falling short of analysts' expectations of $0.92.
The company, which focuses on women's health and biosimilars, has a market cap of about $4 billion and a "Hold" rating from analysts with a target price of $21.33.
Despite missing earnings targets, the stock showed a positive gap up, opening higher than its previous close.
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Organon & Co. perdió las expectativas de ganancias, sin embargo, sus acciones se abrieron más alto en medio de una calificación de "Sostener".