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Stock impact report

FATE Q3 Earnings Beat on Higher Revenues, Pipeline in Focus [Yahoo! Finance]

Immunocore Holdings plc - American Depositary Shares (IMCR) 
Company Research Source: Yahoo! Finance
The company reported a loss of 46 cents per share in the year-ago period. The loss narrowed year over year due to higher collaboration revenues. The company earned collaboration revenues of $3.1 million, which beat the Zacks Consensus Estimate of $1 million. The figure also increased from $1.9 million reported in the year-ago quarter. Revenues were derived from preclinical development activities for a second collaboration candidate targeting an undisclosed solid tumor antigen under its collaboration with Ono. R&D expenses increased 1.1% to $34.6 million. G&A expenses increased 9.8% to $20.8 million. Cash, cash equivalents and investments as of Sept. 30, 2024, totaled $330.5 million. Shares of Fate have lost 36.3% year to date compared with the industry's decline of 3.7%. Image Source: Zacks Investment Research Find the latest EPS estimates and surprises on Zacks Earnings Calendar FATE is focused on developing and manufacturing universal, off-the-shelf cell products u Show less Read more
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