Recap: Rockwell Medical Q3 Earnings
Portfolio Pulse from Benzinga Insights
Rockwell Medical (NASDAQ:RMTI) reported Q3 earnings with an EPS of $-0.07, beating estimates by 30% against an expected $-0.1. Revenue increased by $5.08 million compared to the same period last year. Despite beating this quarter, the company's share price dropped 3.16% the day after last quarter's earnings miss.
November 14, 2023 | 11:05 am
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POSITIVE IMPACT
Rockwell Medical reported better-than-expected Q3 earnings with an EPS of $-0.07, which is a positive beat against the estimated $-0.1. Revenue also showed an increase from the previous year.
The positive earnings beat and increased revenue suggest a potential short-term positive impact on RMTI's stock price. Historically, earnings beats are often followed by an increase in stock price, although the company's stock did drop after the last earnings miss. The magnitude of the impact may be moderated by past performance and market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100