Lexicon Pharmaceuticals Third Quarter 2024 Earnings: Misses Expectations

Lexicon Pharmaceuticals (NASDAQ:LXRX) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$64.8m (loss widened by 28% from 3Q 2023).
• US$0.18 loss per share.

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

Lexicon Pharmaceuticals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 8.4%.

Looking ahead, revenue is forecast to grow 59% 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 9.9% from a week ago.

Risk Analysis

Be aware that Lexicon Pharmaceuticals is showing 3 warning signs in our investment analysis that you should know about...

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