Ligand Pharmaceuticals Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Ligand Pharmaceuticals (NASDAQ:LGND) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$51.8m (up 58% from 3Q 2023).
• Net loss: US$7.17m (loss narrowed by 30% from 3Q 2023).
• US$0.39 loss per share (improved from US$0.59 loss in 3Q 2023).

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

Ligand Pharmaceuticals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are up 18% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Ligand Pharmaceuticals you should know about.

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