Sol-Gel Technologies Ltd. (SLGL) Reports Q3 Loss, Tops Revenue Estimates
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Sol-Gel Technologies Ltd. (SLGL) reported a Q3 loss of $0.01 per share, which is better than the Zacks Consensus Estimate of a $0.13 loss. The company also exceeded revenue expectations.
November 15, 2024 | 2:30 pm
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Sol-Gel Technologies Ltd. reported a smaller-than-expected Q3 loss of $0.01 per share, outperforming the Zacks Consensus Estimate of a $0.13 loss. The company also exceeded revenue expectations.
The better-than-expected earnings report, with a smaller loss than anticipated and higher revenue, is likely to positively impact SLGL's stock price in the short term. Investors often react favorably to companies that exceed earnings and revenue expectations.
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