Why Coherus Biosciences Stock Tumbled on Thursday [Yahoo! Finance]
Coherus BioSciences, Inc. (CHRS)
Last coherus biosciences, inc. earnings: 2/27 04:01 pm
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Source: Yahoo! Finance
They traded the stock down by more than 6% Thursday, a much steeper fall than the 0.6% dip of the S&P 500 index. Fourth-quarter revenue doubled, but still fell short of estimates For the quarter, Coherus -- a busy commercial-stage biotech -- posted net revenue of $91.5 million, slightly more than double the $45.4 million it earned in the same period of 2022. A different dynamic was in force on the bottom line, where the company's non- GAAP (adjusted) net loss deepened to $68.9 million ($0.62 per share) from the year-ago deficit of $47.1 million. Despite the big revenue bounce, Coherus's top line fell short of analyst expectations. Collectively, prognosticators following the stock were anticipating just under $96.9 million for the line item. They were also projecting far less red ink, with an average adjusted net loss estimate of $0.21 per share. Within its earnings release, Coherus provided several "business highlights." The largest of these was the company's divestiture of it
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News
- Coherus to Report First Quarter 2024 Financial Results on May 9, 2024GlobeNewswire
- Drug Delivery Technologies market is projected to grow at a CAGR of 5.5% by 2034: Visiongain [Yahoo! Finance]Yahoo! Finance
- Coherus Announces Presentation at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Coherus Announces Presentation at the 2024 American Society of Clinical Oncology (ASCO) Annual MeetingGlobeNewswire
- Investors in Coherus BioSciences (NASDAQ:CHRS) have unfortunately lost 83% over the last five years [Yahoo! Finance]Yahoo! Finance
CHRS
Earnings
- 3/13/24 - Miss
CHRS
Analyst Actions
- 3/18/24 - HC Wainwright
CHRS
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEF
- CHRS's page on the SEC website