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Stock impact report

Prothena (PRTA) Q4 Earnings Miss Estimates on Higher R&D Expense [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 loss in the reported quarter compares unfavorably to earnings of 12 cents per share in the year-ago quarter, wherein the company recorded higher revenues and lower expenses. Total revenues were $0.3 million in the fourth quarter, which missed the Zacks Consensus Estimate of $1 million. The revenues generated were only collaboration revenues from Bristol-Myers Squibb BMY. In the year-ago quarter, the company recorded total revenues of $49.9 million, of which collaboration revenues from BMY were $9.9 million and milestone payment from Novo Nordisk NVO related to the continued advancement of NNC6019 (formerly PRX004) in a phase II study for the treatment of ATTR cardiomyopathy was $40.0 million. The company's shares have lost 50.8% in the past six months against the industry's growth of 1.9%. Image Source: Zacks Investment Research Quarter in Detail Collaboration revenues also missed our model estimate of $1 million. Research and development (R&D) expenses totaled $61.9 m Show less Read more
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