Celcuity Inc's stock surged 8.21% during intraday trading on Wednesday, following the release of its fourth-quarter financial results.
The company reported an adjusted loss per share of $(0.73) for the quarter, which significantly exceeded analyst expectations of a $(1.04) loss, representing a beat of 29.94%. This performance also showed improvement over the $(0.75) loss per share reported in the same period last year.
The better-than-expected earnings results appear to have driven investor optimism, leading to the substantial price increase during the trading session.
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