Intelligent Bio Solutions Q3 EPS $(1.43) Beats $(2.52) Estimate
Portfolio Pulse from Benzinga Newsdesk
Intelligent Bio Solutions (INBS) reported a Q3 EPS loss of $(1.43), surpassing the analyst consensus estimate of $(2.52) by 43.25%. This marks a significant improvement from the previous year's Q3 loss of $(68.64) per share.
May 08, 2024 | 12:37 pm
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Intelligent Bio Solutions reported a smaller than expected Q3 loss per share, significantly improving from the previous year's loss.
The significant beat on EPS estimates and the dramatic year-over-year improvement in losses suggest a positive outlook for INBS. This performance could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100