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Palatin Technologies Inc. Q4 Loss decreases, but misses estimates

Palatin Technologies Inc. (PTN) revealed Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line came in at -$12.767 million, or -$1.34 per share. This compares with -$13.934 million, or -$1.47 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 340.0% to $0.770 million from $0.175 million last year.

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

-Earnings (Q4): -$12.767 Mln. vs. -$13.934 Mln. last year.
-EPS (Q4): -$1.34 vs. -$1.47 last year.
-Analyst Estimates: -$0.81
-Revenue (Q4): $0.770 Mln vs. $0.175 Mln last year.

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