Verona Pharma Q3 EPADS $(0.16) Beats $(0.28) Estimate; Cash Position Of $257.4M
Portfolio Pulse from Benzinga Newsdesk
Verona Pharma (NASDAQ:VRNA) reported Q3 losses of $(0.16) per share, beating the analyst consensus estimate of $(0.28) by 42.86%. This is a 30.43% increase over losses from the same period last year. The company's cash position as of September 30, 2023, was $257.4 million.
November 02, 2023 | 7:21 am
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Verona Pharma reported better than expected Q3 losses and showed a significant improvement from last year. The company's strong cash position could provide stability.
Verona Pharma's better than expected earnings and year-over-year improvement indicate a positive trend in the company's financial performance. This, combined with a strong cash position, could make the company more attractive to investors, potentially driving the stock price up in the short term.
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