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NTLA's Q3 Earnings & Revenues Beat Estimates, Pipeline in Focus [Yahoo! Finance]
Last regeneron pharmaceuticals, inc. earnings: 2/6 06:30 am
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US:NASDAQ Investor Relations: investor.regeneron.com
In the year-ago quarter, Intellia had incurred a loss of $1.38 per share. The company's total revenues currently comprise only collaboration revenues. Intellia reported revenues of $9.1 million for the third quarter of 2024 compared with $12 million reported in the year-ago quarter. Revenues however beat the Zacks Consensus Estimate of $8 million. The year-over-year decrease in revenues was due to a reduction in revenues related to the AvenCell license and collaboration agreement. Shares of Intellia have plunged 47.6% year to date compared with the industry's decline of 2.4%. Image Source: Zacks Investment Research Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Intellia's collaboration revenues beat our model estimate of $8 million. Research and development expenses totaled $123.4 million, up 8.5% from the year-ago quarter's figure. The increase was due to the advancement of lead pipeline programs. General and administrative expenses increase
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- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $1,150.00 to $1,000.00. They now have an "outperform" rating on the stock.[MarketBeat]
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