Tarsus Pharmaceuticals Third Quarter 2024 Earnings: Beats Expectations

Tarsus Pharmaceuticals (NASDAQ:TARS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$48.1m (up by US$46.2m from 3Q 2023).
• Net loss: US$23.4m (loss narrowed by 40% from 3Q 2023).
• US$0.61 loss per share (improved from US$1.28 loss in 3Q 2023).

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

Tarsus Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 38% 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 share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Tarsus Pharmaceuticals has 1 warning sign we think you should be aware of.

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