Palatin Techs Reported Wednesday Q2 2024 GAAP EPS $(0.56) Misses $(0.20) Estimate, Sales $2.03M Miss $6.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palatin Techs (AMEX:PTN) reported Q2 2024 GAAP EPS of $(0.56), missing the $(0.20) estimate, with sales of $2.03M also missing the $6.30M estimate. This represents a 98.25% increase in sales compared to the same period last year.

February 15, 2024 | 12:35 pm
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Palatin Techs reported significant misses in both EPS and sales for Q2 2024, with EPS at $(0.56) versus an $(0.20) estimate and sales at $2.03M against a $6.30M estimate.
The significant misses in both EPS and sales estimates for Palatin Techs are likely to negatively impact investor sentiment in the short term. The discrepancy between expected and reported figures suggests operational or market challenges that could concern investors, leading to potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100