Kodiak Sciences Shares Rise After Q4 Beat

MT Newswires Live

04/01

Kodiak Sciences (KOD) shares rose more than 13% in morning trading Wednesday, a day after the company reported better-than-expected Q4 results.

The company reported a net loss late Tuesday of $1.04 per diluted share, widening from a loss of $0.84 a year earlier.

Three analysts polled by FactSet expected a loss of $1.07.

The company said it expects its cash and cash equivalents, which stood at $209.9 million as of Dec. 31, to support operations into 2027.

Price: 43.19, Change: +5.07, Percent Change: +13.29

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