Ocuphire Pharma Q3 EPS $0.25 Vs $(0.22) YoY, Sales $11.94M Beat $3.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ocuphire Pharma reported a Q3 EPS of $0.25, a significant improvement from the $(0.22) loss per share a year ago. Sales for the quarter were $11.94M, surpassing the $3.02M estimate.
November 13, 2023 | 1:03 pm
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POSITIVE IMPACT
Ocuphire Pharma's Q3 earnings report showed a positive EPS of $0.25 compared to last year's loss, with sales significantly exceeding estimates.
The reported earnings per share (EPS) represents a strong positive shift from the previous year's loss, indicating a significant improvement in profitability. The sales figure not only shows growth but also a substantial beat on the estimates, which could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100