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Elevation Oncology, Inc. Q4 Loss decreases, beats estimates

Elevation Oncology, Inc. (ELEV) reported Loss for fourth quarter that decreased from the same period last year and beat the Street estimates.

The company's earnings totaled -$7.899 million, or -$0.19 per share. This compares with -$19.042 million, or -$0.82 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Elevation Oncology, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$7.899 Mln. vs. -$19.042 Mln. last year.
-EPS (Q4): -$0.19 vs. -$0.82 last year.

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Jobless claims data was the highlight in this relatively light week for U.S. economics. In Europe, focus was on the U.K. economy where the Bank of England announced its latest policy decision and the first quarter GDP data were released. Find out the signals from the central bank and whether or not the UK economy exited a recession. In the Asia-Pacific, Australia's central bank delivered its latest policy verdict and China released trade figures.

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