Spruce Biosciences, Inc. (SPRB) Reports Q3 Loss, Lags Revenue Estimates
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Spruce Biosciences, Inc. (SPRB) reported a Q3 loss of $0.21 per share, which was better than the Zacks Consensus Estimate of a $0.27 loss. This is an improvement from the $0.30 loss per share reported a year ago.
November 11, 2024 | 3:30 pm
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Spruce Biosciences reported a Q3 loss of $0.21 per share, beating the Zacks Consensus Estimate of a $0.27 loss. This marks an improvement from the previous year's $0.30 loss per share.
The better-than-expected earnings report, with a smaller loss than anticipated, is likely to have a positive short-term impact on SPRB's stock price. The improvement from the previous year's loss also adds to the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100