SurModics (SRDX) Reports Q4 Loss, Tops Revenue Estimates
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SurModics (SRDX) reported a Q4 loss of $0.13 per share, which was better than the expected loss of $0.27 per share. However, this is a decline from the $0.53 earnings per share reported a year ago.
November 06, 2024 | 2:30 pm
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SurModics reported a Q4 loss of $0.13 per share, better than the expected loss of $0.27, but a decline from last year's $0.53 EPS.
SurModics' Q4 loss was smaller than expected, which is a positive surprise for investors. However, the decline from last year's earnings indicates potential challenges. The better-than-expected results may lead to a short-term positive impact on the stock price.
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