BeiGene Q1 2024 GAAP EPADS $(2.41) Beats $(2.89) Estimate, Sales $751.652M Beat $676.451M Estimate
Portfolio Pulse from Benzinga Newsdesk
BeiGene (NASDAQ:BGNE) reported Q1 2024 earnings with a GAAP EPADS of $(2.41), surpassing the $(2.89) estimate, and sales of $751.652M, exceeding the $676.451M estimate. This represents a significant improvement over the previous year, with a 27.84% decrease in losses per share and a 67.85% increase in sales.
May 08, 2024 | 10:10 am
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POSITIVE IMPACT
BeiGene reported a smaller loss per share and higher sales than expected for Q1 2024, indicating strong financial performance and growth.
BeiGene's better-than-expected Q1 2024 earnings report, with a significant beat on both EPS and sales estimates, suggests a positive outlook for the company. The substantial year-over-year growth in sales and reduction in losses per share are likely to be viewed positively by investors, potentially leading to a short-term uptick in BGNE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100