Agios Pharmaceuticals Second Quarter 2023 Earnings: Beats Expectations
Agios Pharmaceuticals (NASDAQ:AGIO) Second Quarter 2023 Results
Key Financial Results
Revenue: US$6.71m (up 20% from 2Q 2022).
Net loss: US$83.8m (loss narrowed by 8.7% from 2Q 2022).
US$1.51 loss per share (improved from US$1.68 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Agios Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Agios Pharmaceuticals that you should be aware of.
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