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Stock impact report

Why Is Beam Therapeutics (BEAM) Down 1.6% Since Last Earnings Report? [Yahoo! Finance]

Beam Therapeutics Inc. (BEAM) 
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Beam Therapeutics due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Beam Therapeutics Q2 Earnings Beat, Revenues Miss Beam Therapeutics incurred a loss of $1.11 per share in the second quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of $1.13. The company had recorded a loss of $1.08 per share in the year-ago quarter. Total revenues, comprising license and collaboration revenues, came in at $11.7 million in the second quarter compared with $20.1 million reported in the year-ago period. The top line missed the Zacks Consensus Estimate of $14 million. Quarter in Detail Research and development expenses were $87 million in the second quarter, down almost 10.8% from the year-ago quarter's level. General and admini Show less Read more
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