Vertex Pharmaceuticals Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Vertex Pharmaceuticals (NASDAQ:VRTX) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.0b (up 12% from FY 2023).
• Net loss: US$535.6m (down by 115% from US$3.62b profit in FY 2023).
• US$2.08 loss per share (down from US$14.05 profit in FY 2023).

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

Vertex Pharmaceuticals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 9.3% 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 5.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Vertex Pharmaceuticals' balance sheet health.

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