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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