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PLx Pharma Q2 Loss Top Estimates, But Revenues Miss; Stock Down 15%

RTTNews | 46 days ago

PLx Pharma Q2 Loss Top Estimates, But Revenues Miss; Stock Down 15%

(RTTNews) - PLx Pharma Inc. (PLXP) reported Friday a second-quarter net loss attributable to common shareholders of $11.56 million or $0.43 per share, narrower than $18.71 million or $0.79 per share in the prior-year quarter.

Excluding items, adjusted loss for the quarter were $0.52 per share, compared to adjusted loss of $0.27 per share in the year-ago quarter.

Total revenues for the quarter were $0.48 million, compared to nil in the same quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.56 per share on revenues of $3.5 million for the quarter. Analysts' estimates typically exclude special items.

The company said it has recently engaged Raymond James & Associates, Inc. as financial advisor to commence a formal process to evaluate strategic alternatives to enhance stockholder value with the full support from the Board.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: PLXP

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Malaysia Stock Market May Halt Losing Streak

Malaysia Stock Market May Halt Losing Streak

The Malaysia stock market has moved lower in five straight sessions, slumping more than 50 points or 3.2 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,410-point plateau although it may stop the bleeding on Wednesday.

RTTNews | 4h 2min ago

South Korea Stock Market May Extend Tuesday's Gains

South Korea Stock Market May Extend Tuesday's Gains

The South Korea stock market on Tuesday wrote a finish to the four-day losing streak in which it had tumbled almost 150 points or 6.3 percent to a two-year closing low. The KOSPI now sits just beneath the 2,225-point plateau and it may tick higher again on Wednesday.

RTTNews | 4h 32min ago

BoJ Minutes To Be Released On Wednesday

BoJ Minutes To Be Released On Wednesday

The Bank of Japan will on Wednesday release the minutes from its monetary policy meeting on July 20 and 21, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 5h 32min ago

TSX Fails To Hold Early Gains, Ends Marginally Down

TSX Fails To Hold Early Gains, Ends Marginally Down

After opening higher and staying firm till a little before noon, the Canadian market turned subdued and moved along the flat line on Tuesday and finally ended the session on a slightly weak note.

RTTNews | 6h 21min ago

Dollar Recovers After Early Weakness

Dollar Recovers After Early Weakness

The U.S. dollar exhibited some weakness in the Asian session on Tuesday and remained sluggish in the European session as well as treasury yields dropped and European shares gained on bargain hunting.

RTTNews | 6h 54min ago

Swiss Market Closes Modestly Higher

Swiss Market Closes Modestly Higher

The Switzerland stock market ended modestly higher on Tuesday after holding in positive territory right through the day's session.

RTTNews | 10h 0min ago

Major European Markets Fail To Retain Early Gains, Close Weak

Major European Markets Fail To Retain Early Gains, Close Weak

Despite spending much of the day's trading session in positive territory, most of the major markets in Europe closed weak on Tuesday as concerns about monetary tightening and economic slowdown continued to hurt sentiment.

RTTNews | 10h 8min ago

Canadian Market Modestly Higher Around Noon

Canadian Market Modestly Higher Around Noon

The Canadian market is up in positive territory around noon on Tuesday with several stocks moving higher on bargain hunting, after having suffered sharp losses in recent sessions.

RTTNews | 11h 20min ago

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