Recap: Omeros Q3 Earnings
Portfolio Pulse from Benzinga Insights
Omeros Corporation (NASDAQ:OMER) reported its Q3 earnings, beating estimated earnings by 1.64% with an EPS of $-0.6 versus an estimate of $-0.61. However, revenue was down $0 from the same period last year. Last quarter, the company missed on EPS by $0.02, which was followed by a 3.0% drop in the share price the next day.
November 09, 2023 | 9:35 pm
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Omeros Corporation reported better than expected Q3 earnings but with no change in revenue from the same period last year. Last quarter's miss on EPS led to a 3.0% drop in share price.
While Omeros beat earnings estimates, the lack of revenue growth could be a concern for investors. Additionally, the previous quarter's miss on EPS and subsequent share price drop may still be fresh in investors' minds, potentially impacting the stock's performance.
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