Nuvectis Pharma Q1 EPS $(0.25) Beats $(0.40) Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuvectis Pharma (NASDAQ:NVCT) reported Q1 earnings with losses of $(0.25) per share, surpassing the analyst consensus estimate of $(0.40) by 37.5%. This represents a 7.41% improvement over the previous year's losses of $(0.27) per share.
May 07, 2024 | 12:12 pm
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POSITIVE IMPACT
Nuvectis Pharma reported a smaller loss than expected in Q1, with EPS of $(0.25) beating estimates by 37.5% and improving year-over-year.
Beating earnings estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The improvement over last year's figures further strengthens the case for a positive outlook on NVCT.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100