Recap: Palatin Techs Q3 Earnings

Palatin Techs PTN reported its Q3 earnings results on Tuesday, May 16, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Palatin Techs missed estimated earnings by 61.54%, reporting an EPS of $-0.63 versus an estimate of $-0.39.

Revenue was up $979 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 8.54% drop in the share price the next day.

Here's a look at Palatin Techs's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.70 -1.19 -0.81 -0.75
EPS Actual -0.66 -0.86 -1.34 -0.75
Revenue Estimate 1.61M 790K 220K 350K
Revenue Actual 1.03M 869K 770K 216K

To track all earnings releases for Palatin Techs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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