ORIC Pharmaceuticals Q1 EPS $(0.37) Beats $(0.51) Estimate
Portfolio Pulse from Benzinga Newsdesk
ORIC Pharmaceuticals reported Q1 earnings with losses of $(0.37) per share, surpassing the analyst consensus estimate of $(0.51) by 27.45%. This represents a 30.19% improvement over the previous year's losses of $(0.53) per share.
May 06, 2024 | 8:12 pm
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ORIC Pharmaceuticals reported a smaller-than-expected loss per share of $(0.37) in Q1, beating estimates and showing year-over-year improvement.
Beating earnings estimates typically leads to positive investor sentiment, potentially driving up the stock price in the short term. The significant improvement over last year's losses further underscores the company's financial progress, likely bolstering investor confidence.
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