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Stock impact report

Why Is Exelixis (EXEL) Up 10.9% Since Last Earnings Report? [Yahoo! Finance]

Exelixis, Inc. (EXEL) 
Last exelixis, inc. earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Exelixis 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 catalysts. Exelixis Q4 Earnings Beat on Lower R&D Spend, Sales Miss Exelixis reported earnings of 33 cents per share in the fourth quarter of 2023, which beat the Zacks Consensus Estimate of 31 cents. The company posted a net loss of 3 cents per share in the fourth quarter of 2022. Including stock-based compensation expenses, earnings per share were 27 cents against a loss of 9 cents in the year-ago quarter due to an increase in revenues and lower expenses. Net revenues were $479.6 million, marginally missing the Zacks ConsensusEstimate of $481 million. Revenues increased 13.1% year over year. Quarter in Detail Net product revenues came in at $429.3 million, up 13.7% year over year Show less Read more
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