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Shares of Immunogen (NASDAQ:IMGN) moved higher by 2.9% in pre-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share increased 433.33% year over year to $0.16, which beat the estimate of ($0.08).
Revenue of $85,798,000 up by 91.24% year over year, which beat the estimate of $40,830,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
The upcoming fiscal year's revenue expected to be between $65,000,000 and $75,000,000.
Details Of The Call
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Date: Feb 12, 2021
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/kk8uk2b5
Technicals
Company's 52-week high was at $8.33
Company's 52-week low was at $1.95
Price action over last quarter: Up 33.82%
Company Profile
Immunogen Inc is a clinical-stage biotechnology company from the United States. Its focus is antibody-drug conjugate, or ADC, technology, which uses an antibody that fixes on a target (its antigen) found on tumor cells to deliver a specific cancer-killing agent. The technology is used in Kadcyla (ado-trastuzumab emtansine)--a registered trademark of Genentech, a member of the Roche Group--to kill solid tumors. Companies such as Amgen, Genentech/Roche, Lilly, Novartis, Sanofi, and Takeda have licensed limited rights to use the ADC technology in their therapies.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.