Apollomics FY EPS $(2.32) Up From $(8.44) YoY
Portfolio Pulse from Benzinga Newsdesk
Apollomics (NASDAQ:APLM) reported a significant improvement in its fiscal year earnings, with a quarterly loss of $(2.32) per share, a 72.51% increase from the $(8.44) per share loss reported in the same period last year.
March 28, 2024 | 11:06 am
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Apollomics reported a significant year-over-year improvement in its fiscal year earnings, with the loss per share decreasing from $(8.44) to $(2.32).
The substantial improvement in Apollomics' earnings per share (EPS) indicates a positive development in the company's financial health. A decrease in loss from $(8.44) to $(2.32) per share year-over-year suggests that the company is moving towards profitability, which is likely to be viewed positively by investors. This significant reduction in losses could lead to increased investor confidence and potentially a rise in the stock price in the short term.
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