Agios Pharmaceuticals Second Quarter 2024 Earnings: Misses Expectations

Agios Pharmaceuticals (NASDAQ:AGIO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$8.62m (up 28% from 2Q 2023).
• Net loss: US$96.1m (loss widened by 15% from 2Q 2023).
• US$1.69 loss per share (further deteriorated from US$1.51 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Agios Pharmaceuticals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 5.5%.

Looking ahead, revenue is forecast to grow 54% 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 down 8.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Agios Pharmaceuticals you should be aware of.

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