Monte Rosa Therapeutics (GLUE) Reports Q3 Loss, Tops Revenue Estimates
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Monte Rosa Therapeutics (GLUE) reported a Q3 loss of $0.29 per share, which was better than the Zacks Consensus Estimate of a $0.45 loss. This is an improvement from the $0.70 loss per share reported a year ago.
November 07, 2024 | 2:45 pm
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Monte Rosa Therapeutics reported a Q3 loss of $0.29 per share, better than the expected $0.45 loss, and an improvement from last year's $0.70 loss.
The better-than-expected earnings report, with a smaller loss than anticipated, is likely to positively impact the stock price in the short term. The improvement from the previous year's loss also suggests positive momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100