
4D Molecular Therapeutics (NASDAQ:FDMT) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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4D Molecular Therapeutics (NASDAQ:FDMT) reported quarterly earnings of ($1.01) EPS, beating estimates of ($1.02) by $0.01. The company had revenue of $0.09 million, below the expected $0.40 million. Despite a negative return on equity of 40.15% and a net margin of 594,375.81%, the stock rose to $10.80. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $28.70. Recent insider selling and significant institutional ownership were noted, with 99.27% of shares held by institutional investors.
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