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Stock impact report

Why Is Prothena (PRTA) Down 1.5% Since Last Earnings Report? [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
Will the recent negative trend continue leading up to its next earnings release, or is Prothena 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. Prothena Q1 Earnings Miss Estimates on Higher R&D Expenses Prothena reported a loss of $1.34 per share in first-quarter 2024, wider than the Zacks Consensus Estimate of a loss of $1.21. The figure was also wider than a loss of 89 cents in the year-ago quarter due to higher expenses and lower revenues. Total revenues were $0.05 million in the first quarter, missing the Zacks Consensus Estimate of $4 million and declining from $2.2 million in the year-ago quarter. Total revenues in the first quarter were from license fees recognized under an agreement with Roche. The same in first-quarter 2023 was generated by a collaboration with Bristol Myers Squibb. Quarter in Detail Rese Show less Read more
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