BeiGene Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

BeiGene (NASDAQ:BGNE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$7.35b (up 29% from 3Q 2023).
• Net loss: US$1.08b (down by 169% from US$1.57b profit in 3Q 2023).
• US$10.29 loss per share (down from US$15.03 profit in 3Q 2023).

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

BeiGene Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for BeiGene that we have uncovered.

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