BioMarin (BMRN) Beats on Q1 Earnings, Voxzogo Drives Sales [Yahoo! Finance]
BioMarin Pharmaceutical Inc. (BMRN)
Last biomarin pharmaceutical inc. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
The reported earnings rose 18.3% year over year, as higher sales were partially offset by rising R&D expenses. Total revenues were $648.8 million in the reported quarter, up 9% year over year on a reported basis and 13% on a constant currency basis. Strong sales of Voxzogo drove revenues. The top line, however, missed the Zacks Consensus Estimate of $649.8 million. Quarter in Detail Product revenues (including Aldurazyme) totaled $637.8 million, up 8.8% year over year. Product revenues from BioMarin's marketed brands (excluding Aldurazyme) increased 9.1% year over year to $602.5 million on higher revenues from Voxzogo and Palynziq. This was offset by lower sales from Naglazyme and Kuvan. Royalty and other revenues totaled $11 million, up 10.3% year over year. Voxzogo, approved for achondroplasia, generated sales of $152.9 million, up 74% year over year and 4.9% quarter over quarter, driven by strong demand. Higher sales of Voxzogo were fueled by the U.S. label expansion to you
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News
- BioMarin Pharmaceutical Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- 4 Dominant Growth Stocks You'll Regret Not Buying in the New Nasdaq Bull Market [Yahoo! Finance]Yahoo! Finance
- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) had its price target lowered by analysts at Morgan Stanley from $115.00 to $112.00. They now have an "overweight" rating on the stock.MarketBeat
- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $91.00 to $89.00. They now have a "hold" rating on the stock.MarketBeat
- BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
BMRN
Earnings
- 4/24/24 - Beat
BMRN
Sec Filings
- 5/2/24 - Form 144
- 5/2/24 - Form 144
- 4/26/24 - Form 10-Q
- BMRN's page on the SEC website