AbCellera Biologics Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-06

AbCellera Biologics (NASDAQ:ABCL) Third Quarter 2024 Results Key Financial Results Revenue: US$6.51m (down 1.4% from 3Q 2023). Net loss: US$51.1m (loss widened by 79% from 3Q 2023). US$0.17 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 19%. Earnings per share  also missed analyst estimates by 31%.Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.The company's shares are down 3.9% from a week ago.You should learn about the   1 warning sign  we've spotted with AbCellera Biologics.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ABCL":"AbCellera Biologics"},"translate_title":"AbCellera Biologics 2024年第三季度收益：未达到预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABCL":1},"content_text":"AbCellera Biologics (NASDAQ:ABCL) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$6.51m (down 1.4% from 3Q 2023).\nNet loss: US$51.1m (loss widened by 79% from 3Q 2023).\nUS$0.17 loss per share (further deteriorated from US$0.099 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:ABCL Earnings and Revenue Growth November 6th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nAbCellera Biologics Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 31%. \n Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US. \nPerformance of the American Life Sciences industry.\n The company's shares are down 3.9% from a week ago. \nRisk Analysis\n You should learn about the   1 warning sign  we've spotted with AbCellera Biologics. \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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