How did AZTR's Q3 2023 earnings surprise investors?

**Azitra, Inc. (AZTR) did not provide specific financial estimates or forecasts for Q3 2023 in the search result.** However, we can infer some insights from related information:

1. **Consistent Growth and Positive Developments**: Azitra's consistent growth and positive developments might have contributed to investor confidence. The company reported a 24.8% year-over-year revenue increase to $166 million for Q3 2023, which beat expectations by $12.67 million. Additionally, the company's focus on research and development, as indicated by a decrease in related costs, suggests a forward-looking approach that could positively influence investor perceptions.
2. **Financial Performance**: The company's financial performance in Q3 2023 was robust, with a non-GAAP EPS of $0.13, which beat expectations by $0.15. This indicates efficient management and a strong bottom line, which are likely to impress investors.
3. **Strategic Investments**: Azitra's strategic investments in Phylos and Greentank are expected to strengthen its position in the cannabis innovation sector, providing a long-term competitive advantage. Such strategic moves can enhance investor confidence in the company's future prospects.

In conclusion, while specific earnings estimates were not provided, Azitra's strong financial performance, consistent growth, and strategic investments likely contributed to a positive surprise for investors in Q3 2023.