MeiraGTx Holdings PLC (MGTX) Reports Q3 Loss, Tops Revenue Estimates
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MeiraGTx Holdings PLC (MGTX) reported a Q3 loss of $0.54 per share, which was larger than the Zacks Consensus Estimate of a $0.47 loss. However, the company topped revenue estimates.
November 13, 2024 | 3:30 pm
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MeiraGTx Holdings reported a Q3 loss of $0.54 per share, missing the Zacks Consensus Estimate of a $0.47 loss. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact the stock price in the short term, despite the positive news of exceeding revenue estimates. Investors often react more strongly to earnings per share misses.
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