Intra-Cellular Therapies shares are trading higher after the company reported better-than-expected Q3 revenue results and raised its FY24 net product sales guidance. Also, Needham reiterated a Buy rating on the stock.
Portfolio Pulse from Benzinga Newsdesk
Intra-Cellular Therapies shares rose following a strong Q3 revenue report and an increase in FY24 sales guidance. Needham reiterated a Buy rating on the stock.
October 30, 2024 | 4:00 pm
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Intra-Cellular Therapies reported better-than-expected Q3 revenue and increased its FY24 sales guidance, leading to a rise in share price. Needham reiterated a Buy rating.
The company's better-than-expected Q3 revenue and increased FY24 sales guidance are positive indicators for future performance, likely boosting investor confidence. The reiteration of a Buy rating by Needham further supports a positive outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100