Ultragenyx Pharmaceutical Third Quarter 2024 Earnings: Beats Expectations

Ultragenyx Pharmaceutical (NASDAQ:RARE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$139.5m (up 42% from 3Q 2023).
• Net loss: US$133.5m (loss narrowed by 16% from 3Q 2023).
• US$1.40 loss per share (improved from US$2.23 loss in 3Q 2023).

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

Ultragenyx Pharmaceutical Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%.

Looking ahead, revenue is forecast to grow 32% 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 2.5% from a week ago.

Risk Analysis

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

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