Alnylam Pharmaceuticals First Quarter 2024 Earnings: Beats Expectations

Alnylam Pharmaceuticals (NASDAQ:ALNY) First Quarter 2024 Results

Key Financial Results

• Revenue: US$494.3m (up 55% from 1Q 2023).
• Net loss: US$65.9m (loss narrowed by 62% from 1Q 2023).
• US$0.52 loss per share (improved from US$1.40 loss in 1Q 2023).

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

Alnylam Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 55%.

Looking ahead, revenue is forecast to grow 20% 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 4.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Alnylam Pharmaceuticals (1 can't be ignored) you should be aware of.

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