Belite Bio Q3 EPS $(0.40) Down From $(0.10) YoY
Portfolio Pulse from Benzinga Newsdesk
Belite Bio (NASDAQ:BLTE) reported a significant increase in its quarterly losses to $(0.40) per share, a 300% increase from the $(0.10) per share loss reported in the same quarter of the previous year.
November 14, 2023 | 2:06 am
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Belite Bio reported a 300% increase in quarterly losses year-over-year, indicating a significant negative development in the company's financial performance.
The reported increase in losses is a substantial negative financial development for Belite Bio, which is likely to be viewed unfavorably by investors and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100