— Palatin Technologies, Inc. (NYSE: PTN) reported a loss of $0.02 per share in the second quarter of 2020, vs $0.01 per share loss expected.
— Q2 revenue stood at $20,610, vs $2.54 million expected. The company had no revenues in the corresponding quarter of last year.
— Operating expenses rose to $5.7 million from to $5.1 million a year ago mainly due to the final payment in connection with the termination of agreement on Vyleesi with Greenhill & Co.
— Palatin is advancing discussions on Vyleesi collaborations for territories outside the currently licensed ones, and anticipates execution in calendar year 2020.
— PTN stock fell 14% on the announcement.
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage