Blueprint Medicines Third Quarter 2024 Earnings: EPS Beats Expectations

Blueprint Medicines (NASDAQ:BPMC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$128.2m (up 127% from 3Q 2023).
• Net loss: US$56.3m (loss narrowed by 58% from 3Q 2023).
• US$0.89 loss per share (improved from US$2.20 loss in 3Q 2023).

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

Blueprint Medicines EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%.

Looking ahead, revenue is forecast to grow 26% 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 up 10.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Blueprint Medicines that you should be aware of.

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