Edesa Biotech Q3 2024 GAAP EPS $(0.52) Beats $(0.58) Estimate
Portfolio Pulse from Benzinga Newsdesk
Edesa Biotech (NASDAQ:EDSA) reported a Q3 2024 GAAP EPS of $(0.52), beating the analyst consensus estimate of $(0.58) by 10.34%.
August 09, 2024 | 8:24 pm
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POSITIVE IMPACT
Edesa Biotech reported a Q3 2024 GAAP EPS of $(0.52), which is better than the analyst consensus estimate of $(0.58). This positive earnings surprise may boost investor confidence in the short term.
The better-than-expected earnings per share (EPS) indicates that the company is performing better than analysts anticipated, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100