Investing.com - Palatin reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Palatin announced earnings per share of $-0.8600 on revenue of $870K. Analysts polled by Investing.com anticipated EPS of $-0.5800 on revenue of $211K.
Palatin shares are down 19.03% from the beginning of the year, still down 80.54% from its 52 week high of $24.00 set on November 29, 2021.
Palatin shares gained 7.92% in pre-market trade following the report.
Palatin follows other major Healthcare sector earnings this month
Palatin's report follows an earnings beat by J&J on October 18, who reported EPS of $2.55 on revenue of $23.79B, compared to forecasts EPS of $2.48 on revenue of $23.36B.
Eli Lilly had beat expectations on November 1 with third quarter EPS of $1.98 on revenue of $6.94B, compared to forecast for EPS of $1.91 on revenue of $6.91B.
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