Palatin Techs Q4 2024 GAAP EPS $(0.51) Beats $(0.56) Estimate, Cash Balance Of $6.5M
Portfolio Pulse from Benzinga Newsdesk
Palatin Technologies reported a Q4 2024 GAAP EPS of $(0.51), beating the estimated $(0.56). The company has a cash balance of $6.5 million.
October 01, 2024 | 11:32 am
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Palatin Technologies reported better-than-expected Q4 2024 earnings with a GAAP EPS of $(0.51), surpassing the estimate of $(0.56). The company's cash balance is $6.5 million.
The better-than-expected earnings per share (EPS) indicates a positive financial performance, which is likely to boost investor confidence and potentially lead to a short-term increase in the stock price. The cash balance of $6.5 million provides a snapshot of the company's liquidity position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100