Surrozen Q1 EPS $(4.24) Beats $(4.25) Estimate
Portfolio Pulse from Benzinga Newsdesk
Surrozen (NASDAQ:SRZN) reported Q1 earnings with losses of $(4.24) per share, slightly beating the consensus estimate of $(4.25) by 0.24%. This represents a 41.11% improvement over the previous year's losses of $(7.20) per share.
May 08, 2024 | 9:11 pm
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Surrozen reported a smaller loss than expected in Q1, with EPS of $(4.24) vs. the $(4.25) estimate, marking a significant year-over-year improvement.
Beating earnings estimates, especially with a significant year-over-year improvement, is generally viewed positively by investors. This could lead to increased investor confidence and potentially a short-term uptick in SRZN's stock price.
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