BioLine Rx Q4 EPS $(0.15) Beats $(0.22) Estimate, Sales $4.80M
Portfolio Pulse from Happy Mohamed
BioLine Rx (NASDAQ:BLRX) reported Q4 earnings with losses of $(0.15) per share, surpassing the $(0.22) estimate, marking a 31.82% beat. However, this represents an 87.5% increase in losses from the previous year. Sales reached $4.80 million for the quarter.
March 26, 2024 | 1:28 pm
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BioLine Rx reported better-than-expected Q4 earnings with a smaller loss per share and $4.80 million in sales.
The positive earnings surprise, with losses per share beating estimates by 31.82%, is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the increase in losses from the previous year might temper some of the positive sentiment.
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RELEVANCE 100