Recap: MoonLake Q3 Earnings
Portfolio Pulse from Benzinga Insights
MoonLake (NASDAQ:MLTX) reported Q3 earnings with an EPS of $-0.18, beating estimates by 21.74% but with no change in revenue from the same period last year. The previous quarter's EPS beat was followed by a 2.95% stock price increase the next day.
November 14, 2023 | 2:30 pm
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MoonLake reported a Q3 EPS of $-0.18, beating estimates by 21.74%, with stable year-over-year revenue. Previous earnings beat led to a 2.95% stock price rise.
Beating earnings estimates typically has a positive effect on stock prices. Although revenue did not increase, the significant beat on EPS and historical stock price rise following the last earnings beat suggest a potential short-term positive impact on MLTX's stock price.
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