Palatin Techs Q4 EPS $(0.91) Misses $(0.56) Estimate, Sales $1.76M Beat $1.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palatin Techs (AMEX:PTN) reported Q4 losses of $(0.91) per share, missing the analyst consensus estimate of $(0.56) by 62.5%. However, the company's quarterly sales of $1.76 million beat the analyst consensus estimate of $1.37 million by 28.61%, marking a 128.60% increase over sales from the same period last year.
September 28, 2023 | 11:33 am
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Palatin Techs reported a larger than expected Q4 loss but beat sales estimates. This mixed report may lead to uncertain short-term price movements.
Palatin Techs reported a larger than expected loss for Q4, which is typically a negative signal for investors and could put downward pressure on the stock. However, the company also reported higher than expected sales, which is a positive signal and could offset some of the negative impact from the earnings miss. The net effect on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100