bluebird bio Q2 Sales $16.100M Beat $10.661M Estimate, Expects Its Cash And Cash Equivalents Of $193M As Of June 30, 2024 Will Be Sufficient To Fund Its Operations Into The Second Quarter Of 2025
Portfolio Pulse from Benzinga Newsdesk
bluebird bio reported Q2 sales of $16.1M, surpassing the $10.661M estimate. The company expects its cash and cash equivalents of $193M as of June 30, 2024, to be sufficient to fund operations into Q2 2025.
August 14, 2024 | 11:03 am
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bluebird bio reported Q2 sales of $16.1M, beating the $10.661M estimate. The company also expects its cash and cash equivalents of $193M to fund operations into Q2 2025.
The better-than-expected Q2 sales and strong cash position are positive indicators for bluebird bio, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100