MoonLake Q3 EPS $(0.18) Beats $(0.23) Estimate;
Portfolio Pulse from Benzinga Newsdesk
MoonLake (NASDAQ:MLTX) reported Q3 earnings with losses of $(0.18) per share, surpassing the consensus estimate of $(0.23) by 21.74%. This represents an improvement from the $(0.23) per share loss reported in the same quarter last year.
November 14, 2023 | 1:11 pm
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MoonLake reported better-than-expected Q3 earnings, with a loss per share of $0.18, which is an improvement over the estimated loss of $0.23 and the previous year's loss.
Beating earnings estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The improvement over last year's losses further strengthens the positive outlook for MLTX.
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