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Stock impact report

Prothena (PRTA) Q1 Earnings Miss Estimates on Higher R&D Expenses [Yahoo! Finance]

Prothena Corporation plc - Ordinary Shares (PRTA) 
Last prothena corporation plc - ordinary shares earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.prothena.com
Company Research Source: Yahoo! Finance
The figure was also wider than a loss of 89 cents in the year-ago quarter due to higher expenses and lower revenues. Total revenues were $0.05 million in the first quarter, missing the Zacks Consensus Estimate of $4 million and declining from $2.2 million in the year-ago quarter. Total revenues in the first quarter were from license fees recognized under an agreement with Roche RHHBY. The same in first-quarter 2023 was generated by a collaboration with Bristol Myers Squibb BMY. The company's shares have lost 36.6% year to date compared with the industry's decline of 5.9%. Image Source: Zacks Investment Research Quarter in Detail Research and development (R&D) expenses surged 43.2% to $64.1 million primarily due to higher clinical trial expenses, higher personnel-related expenses and higher manufacturing expenses. General and administrative expenses amounted to $17.5 million, up from $13.7 million in the year-ago quarter, primarily due to higher personnel-related and cons Show less Read more
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