How did PTN's Q4 2024 earnings surprise impact its stock?

Palatin Technologies (PTN) experienced a significant positive impact on its stock following the announcement of its Q4 2024 earnings surprise. Despite a slight decline of 3.38% in the last price to $0.51, the company reported an earnings per share (EPS) surprise of $0.3, which is a positive indicator of the company's financial performance. This surprise likely led to increased investor confidence, resulting in a substantial percentage change of 24.11% in the stock price on the same day. |code|Ticker|Name|Date|Percentage Change|Percentage Change YoY|market_code| |---|---|---|---|---|---|---| |PTN|PTN.A|Palatin Technologies|20240102|-3.0151||170| |PTN|PTN.A|Palatin Technologies|20240103|-10.6218||170| |PTN|PTN.A|Palatin Technologies|20240104|-24.058||170| |PTN|PTN.A|Palatin Technologies|20240105|4.9618||170| |PTN|PTN.A|Palatin Technologies|20240108|12.7273||170| |PTN|PTN.A|Palatin Technologies|20240109|-5.4839||170| |PTN|PTN.A|Palatin Technologies|20240110|-2.7304||170| |PTN|PTN.A|Palatin Technologies|20240111|-2.807||170| |PTN|PTN.A|Palatin Technologies|20240112|1.083||170| |PTN|PTN.A|Palatin Technologies|20240116|2.8571||170| |code|Ticker|Name|Date|Estimate EPS YoY|Estimate Revenue YoY|market_code| |---|---|---|---|---|---|---| |PTN|PTN.A|Palatin Technologies|20240331|65.54621848739495|618.9873417721519|170| |PTN|PTN.A|Palatin Technologies|20240630|71.42857142857143|291.30434782608694|170| |PTN|PTN.A|Palatin Technologies|20240930|-15.384615384615383|-95.56776556776558|170| |PTN|PTN.A|Palatin Technologies|20241231|14.285714285714295|-100|170|