Beyond Air falls on bigger-than-estimated Q4 loss

Beyond Air

23/06/2023 13:39

** Shares of medical device maker Beyond Air Inc  XAIR.O 
fall 8.6% to $5.22 premarket 
    ** Co late on Thursday posted a bigger-than-expected Q4 adj.
loss of 67 cents/per share vs analysts' ests of a 47 cents/per
share loss - Refinitiv 
    ** Reported zero rev vs ests of $0.72 mln
    ** Co's loss for the year ended March 31, 2023 widens by 18
cents to $1.86 per share, compared with a year earlier 
    ** XAIR shares had fallen by 11.3% this quarter, and lost
~12% so far in the year

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))