Yahoo Finance BeiGene First Quarter 2024 Earnings: Beats Expectations
BeiGene (NASDAQ:BGNE) First Quarter 2024 Results
Key Financial Results
Revenue: US$751.7m (up 68% from 1Q 2023).
Net loss: US$251.2m (loss narrowed by 28% from 1Q 2023).
US$2.41 loss per share (improved from US$3.35 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BeiGene Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 5.1% from a week ago.
Risk Analysis
Be aware that BeiGene is showing 1 warning sign in our investment analysis that you should know about...
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