Praxis Precision Medicines, Inc. (PRAX) Reports Q3 Loss, Misses Revenue Estimates
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Praxis Precision Medicines, Inc. (PRAX) reported a Q3 loss of $2.75 per share, missing the Zacks Consensus Estimate of a $2.01 loss. This is a slight increase in loss compared to $2.70 per share a year ago.
November 06, 2024 | 3:00 pm
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Praxis Precision Medicines reported a larger-than-expected Q3 loss of $2.75 per share, missing the consensus estimate of $2.01. This indicates a worsening financial performance compared to the previous year.
The reported loss per share of $2.75 is significantly higher than the expected $2.01, indicating worse-than-expected financial performance. This is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100