Rigel Pharmaceuticals (RIGL) Q3 Earnings and Revenues Top Estimates
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Rigel Pharmaceuticals (RIGL) reported Q3 earnings of $0.70 per share, surpassing the Zacks Consensus Estimate of $0.01 per share. This marks a significant improvement from a loss of $0.30 per share a year ago.
November 07, 2024 | 11:30 pm
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Rigel Pharmaceuticals reported Q3 earnings of $0.70 per share, significantly exceeding expectations and marking a substantial improvement from the previous year's loss.
The substantial earnings beat and improvement from a loss to a profit is likely to positively impact Rigel Pharmaceuticals' stock price in the short term. Investors often react favorably to such earnings surprises, which can drive the stock price up.
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