Corcept (CORT) Q1 Earnings & Revenues Surpass Estimates [Yahoo! Finance]
Corcept Therapeutics Incorporated (CORT)
Last corcept therapeutics incorporated earnings: 2/20 04:05 pm
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US:NASDAQ Investor Relations:
corcept.com/investors
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Source: Yahoo! Finance
The company had reported earnings of 14 cents per share in the year-ago quarter. Revenues increased 39% year over year to $146.8 million. The figure beat the Zacks Consensus Estimate of $138 million. The top line solely comprises product sales of Cushing's syndrome drug, Korlym. Quarter in Detail Revenues from Korlym beat our model estimate of $129.8 million. Research and development expenses surged 43% year over year to $58.5 million. Selling, general and administrative expenses increased around 15.8% year over year to $56.3 million. Consequently, operating expenses increased to $117.3 million, up 29.2% from the year-ago quarter's level, owing to higher expenses to support ongoing clinical studies. Corcept's shares have lost 26.4% so far this year compared with the industry decline of 10.2%. Image Source: Zacks Investment Research Cash and investments, as of Mar 31, 2024, totaled $451 million compared with $425.4 million as of Dec 31, 2023. 2024 Guidance Corcept
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News
- 3 High Insider Ownership US Growth Companies With Earnings Growth Up To 70% [Yahoo! Finance]Yahoo! Finance
- Pipeline Moves: Phase III completion for Corcept's relaorilant [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky, LLP Notifies Shareholders of Corcept Therapeutics Incorporated (CORT) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Corcept Therapeutics Incorporated (NASDAQ: CORT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Corcept Therapeutics Incorporated (NASDAQ: CORT) had its price target raised by analysts at HC Wainwright from $38.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
CORT
Earnings
- 5/1/24 - Beat
CORT
Analyst Actions
- 4/23/24 - HC Wainwright
CORT
Sec Filings
- 5/15/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 144
- CORT's page on the SEC website