Legend Biotech Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-14

Legend Biotech (NASDAQ:LEGN) Third Quarter 2024 Results Key Financial Results Revenue: US$160.2m (up 67% from 3Q 2023). Net loss: US$125.3m (loss widened by 101% from 3Q 2023). US$0.68 loss per share...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 9.7%. Earnings per share  missed analyst estimates by 17%.Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.The company's shares are down 4.9% 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 Legend Biotech's 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":{"LEGN":"传奇生物"},"translate_title":"传奇生物2024年第三季度财报：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEGN":1},"content_text":"Legend Biotech (NASDAQ:LEGN) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$160.2m (up 67% from 3Q 2023).\nNet loss: US$125.3m (loss widened by 101% from 3Q 2023).\nUS$0.68 loss per share (further deteriorated from US$0.34 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:LEGN Earnings and Revenue Growth November 14th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLegend Biotech Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) missed analyst estimates by 17%. \n Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are down 4.9% 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 Legend Biotech's 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. 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