Recap: POINT Biopharma Global Q3 Earnings
Portfolio Pulse from Benzinga Insights
POINT Biopharma Global (NASDAQ:PNT) reported Q3 earnings, beating estimates with an EPS of $-0.23 against the expected $-0.3. Revenue increased by $2.79 million from the previous year. Despite beating EPS last quarter, the stock dropped by 3.82% the following day.
November 13, 2023 | 12:35 pm
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POINT Biopharma Global reported a positive earnings surprise for Q3, with higher EPS and revenue compared to last year.
POINT Biopharma's earnings beat is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the stock's drop after last quarter's earnings beat suggests market reactions can be unpredictable.
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