Purple Biotech Q4 EPS $(0.19), Inline
Portfolio Pulse from Benzinga Newsdesk
Purple Biotech (NASDAQ:PPBT) reported its Q4 earnings with losses of $(0.19) per share, meeting analyst consensus estimates. This represents a 36.67% improvement over the $(0.30) per share loss reported in the same quarter last year.
March 05, 2024 | 12:58 pm
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Purple Biotech reported Q4 losses of $(0.19) per share, meeting expectations and marking a significant improvement from last year.
Meeting analyst expectations generally has a neutral to positive effect on stock prices, especially when it represents an improvement over previous periods. For PPBT, the reported improvement in losses from the same quarter last year could be viewed positively by investors, potentially leading to a short-term uptick in stock price.
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