Arrowhead Pharmaceuticals First Quarter 2024 Earnings: Misses Expectations
Arrowhead Pharmaceuticals (NASDAQ:ARWR) First Quarter 2024 Results
Key Financial Results
Revenue: US$3.55m (down 94% from 1Q 2023).
Net loss: US$132.9m (loss widened by 222% from 1Q 2023).
US$1.24 loss per share (further deteriorated from US$0.39 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arrowhead Pharmaceuticals Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 88%. Earnings per share (EPS) also missed analyst estimates by 54%.
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 1.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Arrowhead Pharmaceuticals that we have uncovered.
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