Yahoo Finance Insmed First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Insmed (NASDAQ:INSM) First Quarter 2024 Results
Key Financial Results
Revenue: US$75.5m (up 16% from 1Q 2023).
Net loss: US$157.1m (loss narrowed by 1.7% from 1Q 2023).
US$1.06 loss per share (improved from US$1.17 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Insmed EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 36% 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 2.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Insmed (2 are a bit concerning!) that you should be aware of.
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