Yahoo Finance Prothena Third Quarter 2022 Earnings: Misses Expectations
Prothena (NASDAQ:PRTA) Third Quarter 2022 Results
Key Financial Results
Net loss: US$45.8m (down by 142% from US$109.2m profit in 3Q 2021).
US$0.97 loss per share (down from US$2.39 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Prothena Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 94%. Earnings per share (EPS) also missed analyst estimates by 72%.
Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 12% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Prothena (1 makes us a bit uncomfortable) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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