Biogen Full Year 2024 Earnings: EPS Misses Expectations

Biogen (NASDAQ:BIIB) Full Year 2024 Results

Key Financial Results

• Revenue: US$9.68b (down 1.6% from FY 2023).
• Net income: US$1.63b (up 41% from FY 2023).
• Profit margin: 17% (up from 12% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$11.21 (up from US$8.02 in FY 2023).

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

Biogen EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 8.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Biogen's balance sheet health.

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