Reviva Pharmaceuticals Q1 EPS $(0.25) Beats $(0.42) Estimate
Portfolio Pulse from Benzinga Newsdesk
Reviva Pharmaceuticals (NASDAQ:RVPH) reported Q1 earnings with losses of $(0.25) per share, surpassing the analyst consensus estimate of $(0.42) by 40.48%. This represents a 16.67% improvement over the previous year's losses of $(0.30) per share.
May 14, 2024 | 12:29 pm
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Reviva Pharmaceuticals reported a smaller than expected loss per share in Q1, indicating a positive trend in its financial performance.
Beating earnings estimates typically leads to positive investor sentiment and can result in a short-term increase in stock price. The significant beat and improvement over the previous year's losses suggest a positive outlook for RVPH, likely leading to increased investor confidence and potential stock price appreciation.
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