Eledon Pharma Q4 2023 GAAP EPS $(0.32) Beats $(0.39) Estimate
Portfolio Pulse from Benzinga Newsdesk
Eledon Pharma (NASDAQ:ELDN) reported a Q4 2023 GAAP EPS loss of $(0.32), surpassing the analyst consensus estimate of $(0.39) by 17.95%.
March 28, 2024 | 8:07 pm
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Eledon Pharma reported a smaller than expected Q4 2023 loss, with a GAAP EPS of $(0.32) against an estimate of $(0.39).
Eledon Pharma's better-than-expected Q4 2023 earnings report, with a loss per share of $(0.32) versus the estimated $(0.39), indicates operational efficiency and potential for improved financial health. This positive earnings surprise is likely to instill investor confidence and could lead to a short-term uptick in ELDN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100