BridgeBio Pharma Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
BridgeBio Pharma (NASDAQ:BBIO) Second Quarter 2024 Results
Key Financial Results
Revenue: US$2.17m (up 32% from 2Q 2023).
Net loss: US$73.5m (loss narrowed by 54% from 2Q 2023).
US$0.39 loss per share (improved from US$0.98 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BridgeBio Pharma EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 52%. Earnings per share (EPS) exceeded analyst estimates by 63%.
Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 3.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for BridgeBio Pharma you should be aware of, and 2 of them are a bit concerning.
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