PureTech Health H1 EPS $(0.09) Up From $(0.10) YoY, Sales $3.15M Down From $7.03M YoY
Portfolio Pulse from Benzinga Newsdesk
PureTech Health (NASDAQ:PRTC) reported a 10% decrease in losses per share YoY, from $(0.10) to $(0.09). However, the company's sales decreased by 55.19% YoY, from $7.03M to $3.15M.
August 29, 2023 | 6:51 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PureTech Health's losses per share decreased by 10% YoY, but sales decreased by 55.19% YoY.
While PureTech Health has managed to decrease its losses per share, the significant decrease in sales is a negative indicator. This could potentially impact investor confidence and lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100