Why Is Biogen (BIIB) Up 7.7% Since Last Earnings Report? [Yahoo! Finance]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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US:NASDAQ Investor Relations:
biogen.com/en_us/investors.html
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Biogen due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Q1 Earnings Beat, Sales Miss Biogen's first-quarter results were mixed as it beat estimates for earnings but missed the mark for sales. Biogen reported first-quarter 2024 adjusted earnings per share (EPS) of $3.67, beating the Zacks Consensus Estimate of $3.45. Earnings rose 8% year over year, driven by cost savings and margin improvements. On a constant-currency basis, earnings were flat. Total revenues came in at $2.29 billion, down 7% on a reported basis and a constant-currency basis due to lower sales of Tecfidera, Tysabri and Spinraza. However, launches of Leqembi, Skyclarys and Zurzuvae picked up in the quarter. Sales missed the Zacks Consensus Estimate of $2.32 billion.
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BIIB
News
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 22, 2024 in Biogen Inc. Lawsuit - BIIBAccesswire
- BIOGEN INVESTOR ALERT: Lose Money on your Biogen Inc. (Nasdaq:BIIB) Investment? BFA Law Reminds You to Contact the Firm before July 22, 2024 Legal DeadlineAccesswire
- Levi & Korsinsky Notifies Shareholders of Biogen Inc. (BIIB) of a Class Action Lawsuit and an Upcoming DeadlineAccesswire
- Levi & Korsinsky Notifies Shareholders of Biogen Inc.(BIIB) of a Class Action Lawsuit and an Upcoming DeadlineAccesswire
- Shareholders that lost money on Biogen Inc. (BIIB) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreAccesswire
BIIB
Earnings
- 4/25/24 - Beat
BIIB
Sec Filings
- 5/3/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- BIIB's page on the SEC website