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Palatin Technologies Inc. Q3 loss increases in line with estimates

Palatin Technologies Inc. (PTN) reported Loss for its third quarter that increased from last year in line with the Street estimates.

The company's earnings totaled -$7.63 million, or -$0.03 per share. This compares with -$5.73 million, or -$0.02 per share, in last year's third quarter.

Analysts on average had expected the company to earn -$0.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 144.4% to $0.22 million from $0.09 million last year.

Palatin Technologies Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$7.63 Mln. vs. -$5.73 Mln. last year.
-EPS (Q3): -$0.03 vs. -$0.02 last year.
-Analyst Estimate: -$0.03
-Revenue (Q3): $0.22 Mln vs. $0.09 Mln last year.

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