Palatin Techs Q3 2024 GAAP EPS $(0.53) Misses $(0.50) Estimate
Portfolio Pulse from Benzinga Newsdesk
Palatin Technologies reported its Q3 2024 GAAP EPS at $(0.53), missing the estimate of $(0.50).
May 15, 2024 | 11:32 am
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Palatin Technologies reported a Q3 2024 GAAP EPS of $(0.53), which is below the estimated $(0.50). This miss could negatively impact investor sentiment and the stock price in the short term.
The reported EPS of $(0.53) is worse than the expected $(0.50), indicating a larger-than-expected loss. This is likely to result in a negative reaction from investors, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100