What's Behind ImmunoGen's Blowout Q4 Results [The Motley Fool]
ImmunoGen, Inc. (IMGN)
Last immunogen, inc. earnings: 5/1 06:30 am
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US:NASDAQ Investor Relations:
investor.immunogen.com/investor-relations
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Source: The Motley Fool
What's Behind ImmunoGen's Blowout Q4 Results The biotech handily beat Wall Street's revenue and earnings estimates. ImmunoGen ( NASDAQ:IMGN ) floundered throughout much of 2019, with the stock down more than 50% year to date by October. But some encouraging news from a late-stage clinical study evaluating mirvetuximab soravtansine renewed investors' enthusiasm soon afterward. ImmunoGen stock soared and kept the momentum going in subsequent months. The biotech announced its 2019 fourth-quarter and full-year results before the market opened on Friday, fueling the fire even more. Here are the highlights from ImmunoGen's Q4 update. ImmunoGen reported Q4 revenue of $44.9 million, a 235% year-over-year jump. This easily beat analysts' average Q4 revenue estimate of $29.33 million. Fourth-quarter net income came in at $4.8 million, or $0.03 per share, based on generally accepted accounting principles ( GAAP ). This was much better than ImmunoGen's GAAP net loss of $41.8 million, or $0.28 p
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News
- Is ImmunoGen (IMGN) Outperforming Other Medical Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Immunogen Inc SVP & CHIEF BUSINESS OFFICER Stacy Coen Sells 4,583 Shares [Yahoo! Finance]Yahoo! Finance
- ImmunoGen, Inc. (NASDAQ: IMGN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- AbbVie Sees Signs of Post-Humira Growth in Positive 2024 Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- ImmunoGen Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Business Wire
IMGN
Earnings
- 11/2/23 - Beat
IMGN
Sec Filings
- 2/12/24 - Form 4
- 2/12/24 - Form 4
- 2/12/24 - Form 4
- IMGN's page on the SEC website