Ligand Pharmaceuticals Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-09

Ligand Pharmaceuticals (NASDAQ:LGND) Third Quarter 2024 Results Key Financial Results Revenue: US$51.8m (up 58% from 3Q 2023). Net loss: US$7.17m (loss narrowed by 30% from 3Q 2023). US$0.39 loss per...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 28%. Earnings per share  missed analyst estimates.Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.The company's shares are up 10% from a week ago.You should always think about risks. Case in point, we've spotted   3 warning signs for Ligand Pharmaceuticals  you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LGND":"Ligand Pharmaceuticals Inc."},"translate_title":"Ligand Pharmaceuticals 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":{"LGND":1},"content_text":"Ligand Pharmaceuticals (NASDAQ:LGND) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$51.8m (up 58% from 3Q 2023).\nNet loss: US$7.17m (loss narrowed by 30% from 3Q 2023).\nUS$0.39 loss per share (improved from US$0.59 loss in 3Q 2023).\n\n\n\n\n  NasdaqGM:LGND Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLigand Pharmaceuticals Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates. \n Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US. \nPerformance of the American Pharmaceuticals industry.\n The company's shares are up 10% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   3 warning signs for Ligand Pharmaceuticals  you should be aware of. \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/2482288204"}