Bristol Myers posts better-than-expected 4th-quarter results [Yahoo! Finance]
Karuna Therapeutics, Inc. (KRTX)
Company Research
Source: Yahoo! Finance
sales of its new anemia drug Reblozyl and its already off patent blood cancer drug Revlimid outperformed Wall Street forecasts. The company, which announced a string of deals to restock its pipeline late last year, said its revenue was $11.48 billion in the fourth quarter. Analysts, on average, had expected revenue of $11.19 billion, according to LSEG data. It said it earned $3.5 billion, or $1.70 a share, in the quarter, excluding certain one-time items, also ahead of analyst expectations of $1.53 a share. Sales of Revlimid were $1.45 billion and Reblozyl were $320 million in the quarter, compared with analyst estimates of $1.27 billion and $280 million, respectively. The company said it expects 2024 revenue to increase by single digit percentages from 2023, when total revenue was $45 billion. It expects its 2024 reported earnings in the range of $7.10 to $7.40 a share. Analysts, on average had forecast 2024 earnings of $7 a share. Bristol Myers' Chief Executive Chris Boern
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News
- PureTech Proposes $100 Million Capital Return [Yahoo! Finance]Yahoo! Finance
- Bristol Myers Squibb Completes Acquisition of PureTech's Founded Entity Karuna Therapeutics for $14 Billion [Yahoo! Finance]Yahoo! Finance
- Loss-Making Karuna Therapeutics, Inc. (NASDAQ:KRTX) Expected To Breakeven In The Medium-Term [Yahoo! Finance]Yahoo! Finance
- Sofinnova Investments Appoints Troy Ignelzi as Executive Advisor [Yahoo! Finance]Yahoo! Finance
- Bronte Amalthea Fund Incurred Loss in Karuna Therapeutics (KRTX) Short Position [Yahoo! Finance]Yahoo! Finance
KRTX
Earnings
- 2/22/24 - Miss
KRTX
Sec Filings
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- KRTX's page on the SEC website