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0.00141110065851369 0.00188146754468481 0.00517403574788332 0.00470366886171203 0.00188146754468481 -0.00446848541862648 -0.00493885230479776 -0.00258701787394166
Stock impact report

Exelixis (EXEL) Q1 Earnings Miss, Cabometyx Sales Fall Short [Yahoo! Finance]

Exelixis, Inc. (EXEL) 
Last exelixis, inc. earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
EXEL recorded earnings of 17 cents per share, which missed the Zacks Consensus Estimate of 28 cents. The company registered adjusted earnings of 16 cents per share in the first quarter of 2023. Including stock-based compensation expense, EPS was 12 cents, flat year over year. Net revenues were $425.2 million, which lagged the Zacks Consensus Estimate of $468 million. The top line, however, increased 4% year over year. Exelixis' shares have lost 2.2% year to date compared with the industry's decline of 9.6%. Image Source: Zacks Investment Research Quarter in Detail Net product revenues came in at $378.5 million, up 4.1% year over year. The increase in net product revenues was primarily due to a rise in sales volume, partially offset by a decrease in average net selling price. Cabometyx (cabozantinib) generated revenues of $376.4 million, which missed the Zacks Consensus Estimate and our model estimate of $427 million and $413.4 million, respectively. The drug is approved Show less Read more
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