Beam Therapeutics' Q3 Earnings & Revenues Fall Shy of Estimates [Yahoo! Finance]
Beam Therapeutics Inc. (BEAM)
US:NYSE Investor Relations:
beamsuntory.com/about/shareholder-information/reports
Company Research
Source: Yahoo! Finance
The company had recorded a loss of $1.22 per share in the year-ago quarter. Total revenues, comprising license and collaboration revenues, came in at $14.3 million in the third quarter compared with $17.2 million reported in the year-ago period. The top line missed the Zacks Consensus Estimate of $15 million. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Research and development expenses were $94.3 million in the third quarter, down almost 5.8% from the year-ago quarter's level. General and administrative expenses totaled $26.5 million, increasing around 4.3% year over year. As of Sept 30, 2024, BEAM had cash, cash equivalents and marketable securities worth $925.8 million compared with $1.2 billion as of June 30, 2024. The company expects that its existing cash balance is likely to fund its operating expenses into 2027. Year to date, shares of Beam Therapeutics have declined 12% compared with the industry's decrease of 3.8%. Image Source: Zac
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BEAM
News
- Beam Therapeutics to Present at the 43rd Annual J.P. Morgan Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- Beam Therapeutics to Present at the 43rd Annual J.P. Morgan Healthcare ConferenceGlobeNewswire
- Beam Therapeutics Inc. (NASDAQ: BEAM) was upgraded by analysts at Cantor Fitzgerald to a "hold" rating.MarketBeat
- Beam Therapeutics Inc. (NASDAQ: BEAM) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $57.00 price target on the stock.MarketBeat
- Beam Therapeutics Inc. (NASDAQ: BEAM) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $80.00 price target on the stock.MarketBeat
BEAM
Earnings
- 11/5/24 - Miss
BEAM
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 3
- 12/9/24 - Form 8-K
- BEAM's page on the SEC website