— 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.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
Infographic: Highlights of Halliburton’s (HAL) Q1 2024 earnings results
Energy giant Halliburton Company (NYSE: HAL) Tuesday announced financial results for the first quarter of 2024, reporting lower earnings and a modest increase in revenues. First-quarter revenue edged up 2%
UPS Earnings: United Parcel Service Q1 2024 revenue and earnings fall
United Parcel Service, Inc. (NYSE: UPS) Tuesday reported lower revenues and adjusted profit for the first quarter of 2024. The company reaffirmed its full-year 2024 guidance. On an adjusted basis,
Key highlights from Philip Morris’ (PM) Q1 2024 earnings results
Philip Morris International Inc. (NYSE: PM) reported first quarter 2024 earnings results today. Net revenues increased 9.7% year-over-year to $8.8 billion. Organic revenue growth was 11%. Net earnings attributable to
