Avenue Therapeutics Q3 EPS $0.06 Up From $(0.45) YoY
Portfolio Pulse from Benzinga Newsdesk
Avenue Therapeutics (NASDAQ:ATXI) reported a significant increase in quarterly earnings, posting $0.06 per share compared to a loss of $(0.45) per share year-over-year, marking a 113.33% improvement.
November 13, 2023 | 10:35 pm
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POSITIVE IMPACT
Avenue Therapeutics reported a substantial year-over-year increase in quarterly earnings, from a loss of $(0.45) to a gain of $0.06 per share.
The reported increase in earnings is a strong positive indicator for Avenue Therapeutics, suggesting improved financial health and operational efficiency. This significant improvement in earnings per share is likely to be viewed favorably by investors and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100