Rigel Pharmaceuticals Q4 Sales $35.792M Beat $34.102M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rigel Pharmaceuticals (NASDAQ:RIGL) reported Q4 sales of $35.792M, surpassing the $34.102M estimate by 4.96%, but marking a 30.20% decrease from the previous year's $51.278M.

March 05, 2024 | 9:14 pm
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Rigel Pharmaceuticals reported higher than expected Q4 sales but showed a significant year-over-year decrease.
While Rigel Pharmaceuticals exceeded analyst expectations for Q4 sales, the significant decrease from the previous year's figures could temper investor enthusiasm. The mixed results present a neutral outlook, as the beat may be seen positively, but the year-over-year decline raises concerns about growth sustainability.
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