Portola Pharmaceuticals (PTLA) Stock: Rockets On Earnings

Nov 08 16:11 2018 Print This Article

Portola Pharmaceuticals Inc (NASDAQ: PTLA) is having an incredibly strong start to the trading session this morning, and for good reason. The company reported its earnings, blowing expectations out of the water. Of course, the news excited investors who are pushing the stock on a run for the top. Today, we’ll talk about:

What we saw from the earnings report;

what we’re seeing from PTLA stock today; and

what we’ll be watching for ahead.

PTLA Reports Strong Financial Results

As mentioned above, Portola Pharmaceuticals is flying in the market this morning after reporting its earnings. Here’s what we saw from the report:

Revenue – In terms of revenue, PTLA did incredibly well. During the quarter, the company generated revenue of $14.2 million.

Net Loss – Net loss also proved to be a point of excitement. During the quarter, the company generated a net loss of $71.3 million. That works out to $1.08 per share. Analysts expected that the company would generate a far wider loss at $1.54 per share.

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