Protagenic Therapeutics FY23 EPS $(1.15) Down From $(0.82) YoY
Portfolio Pulse from Benzinga Newsdesk
Protagenic Therapeutics reported a fiscal year 2023 earnings per share (EPS) of $(1.15), a decrease from the previous year's $(0.82).
April 01, 2024 | 8:24 pm
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Protagenic Therapeutics' FY23 EPS decreased to $(1.15) from $(0.82) in the previous year, indicating a negative performance.
The decrease in EPS from $(0.82) to $(1.15) suggests that Protagenic Therapeutics experienced a decline in profitability over the fiscal year. This is a critical metric for investors as EPS is a direct indicator of a company's profitability and financial health. The significant drop in EPS is likely to be viewed negatively by the market, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100