TG Therapeutics Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-05

TG Therapeutics (NASDAQ:TGTX) Third Quarter 2024 Results Key Financial Results Revenue: US$83.9m (down 49% from 3Q 2023). Net income: US$3.88m (down 97% from 3Q 2023). Profit margin: 4.6% (down from ...

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The decrease in margin was primarily driven by higher expenses.NasdaqCM:TGTX Earnings and Revenue Growth November 5th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.7%. Earnings per share  missed analyst estimates by 28%.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 down 5.3% from a week ago.While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of TG Therapeutics' balance sheet and an in-depth analysis of the company's financial position.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TGTX":"TG Therapeutics Inc.","TG":"特里迪加"},"translate_title":"TG Therapeutics 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TG":1,"TGTX":1},"content_text":"TG Therapeutics (NASDAQ:TGTX) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$83.9m (down 49% from 3Q 2023).\nNet income: US$3.88m (down 97% from 3Q 2023).\nProfit margin: 4.6% (down from 69% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.\nEPS: US$0.027 (down from US$0.80 in 3Q 2023).\n\n\n\n\n  NasdaqCM:TGTX Earnings and Revenue Growth November 5th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nTG Therapeutics Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 28%. \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 down 5.3% from a week ago. \nBalance Sheet Analysis\n While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of TG Therapeutics' balance sheet and an in-depth analysis of the company's financial position. \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. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481752305"}