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Stock impact report

Prothena Q3 Earnings Beat Estimates, Pipeline Progress in Focus [Yahoo! Finance]

Prothena Corporation plc - Ordinary Shares (PRTA) 
Last prothena corporation plc - ordinary shares earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.prothena.com
Company Research Source: Yahoo! Finance
In the year-ago quarter, the company posted earnings of 38 cents per share, driven by higher revenues. Third-quarter 2024 revenues totaled $1 million, which missed the Zacks Consensus Estimate of $2 million. PRTA recorded revenues of $85 million in the third quarter of 2023 on the back of collaboration revenues from partner Bristol Myers Squibb BMY. The company's shares have lost 52.2% year to date compared with the industry's decline of 0.9%. Image Source: Zacks Investment Research Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Research and development (R&D) expenses decreased 12.4% year over year to $50.7 million, primarily due to lower manufacturing expenses. General and administrative expenses amounted to $16.8 million, up from $16.6 million in the year-ago quarter, primarily due to higher personnel-related expenses. As of Sept. 30, 2024, Prothena had $520.1 million in cash, cash equivalents and restricted cash, and no debt. Prothena is ev Show less Read more
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