Acadia Pharmaceuticals (ACAD) Beats Q3 Earnings and Revenue Estimates
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Acadia Pharmaceuticals (ACAD) reported Q3 earnings of $0.20 per share, surpassing the Zacks Consensus Estimate of $0.13 per share. This marks a significant improvement from a loss of $0.40 per share a year ago.
November 06, 2024 | 11:30 pm
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Acadia Pharmaceuticals reported better-than-expected Q3 earnings of $0.20 per share, significantly improving from a loss of $0.40 per share last year.
The significant improvement in earnings from a loss to a profit and beating the consensus estimate is likely to positively impact ACAD's stock price in the short term. Investors often react favorably to earnings beats, especially when there is a substantial year-over-year improvement.
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