Arcutis Biotherapeutics Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-08 18:28

Arcutis Biotherapeutics (NASDAQ:ARQT) Third Quarter 2024 Results Key Financial Results Revenue: US$44.8m (up 17% from 3Q 2023). Net loss: US$41.5m (loss narrowed by 7.2% from 3Q 2023). US$0.33 loss ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 20%. Earnings per share  also surpassed analyst estimates by 21%.Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.The company's shares are up 25% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 3 warning signs  with Arcutis Biotherapeutics, and understanding them should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARQT":"Arcutis Biotherapeutics Inc."},"translate_title":"Arcutis Biotherapeutics 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARQT":0.9},"content_text":"Arcutis Biotherapeutics (NASDAQ:ARQT) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$44.8m (up 17% from 3Q 2023).\nNet loss: US$41.5m (loss narrowed by 7.2% from 3Q 2023).\nUS$0.33 loss per share (improved from US$0.72 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:ARQT Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nArcutis Biotherapeutics Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 21%. \n Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are up 25% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 3 warning signs  with Arcutis Biotherapeutics, and understanding them should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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