Adherex Technologies Inc. (FENC) Reports Q3 Loss, Misses Revenue Estimates
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Adherex Technologies Inc. (FENC) reported a Q3 loss of $0.21 per share, missing the Zacks Consensus Estimate of a $0.13 loss. This is a larger loss compared to $0.07 per share a year ago.
November 07, 2024 | 1:45 pm
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Adherex Technologies Inc. reported a larger than expected Q3 loss of $0.21 per share, missing the consensus estimate of $0.13 and increasing from last year's $0.07 loss.
The reported loss of $0.21 per share is significantly worse than the expected loss of $0.13, indicating a negative surprise for investors. Additionally, the loss has increased from $0.07 per share a year ago, suggesting deteriorating financial performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100