Akebia Therapeutics Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Akebia Therapeutics (NASDAQ:AKBA) Third Quarter 2022 Results
Key Financial Results
Revenue: US$49.0m (flat on 3Q 2021).
Net loss: US$51.9m (loss narrowed by 13% from 3Q 2021).
US$0.28 loss per share (improved from US$0.34 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Akebia Therapeutics Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 93%.
Looking ahead, revenue is expected to decline by 33% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 14%.
Performance of the American Biotechs industry.
The company's share price is broadly unchanged from a week ago.
You should learn about the 4 warning signs we've spotted with Akebia Therapeutics (including 1 which is potentially serious).
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