Biomarin Pharmaceutical BMRN reported its Q4 earnings results on Thursday, February 22, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Biomarin Pharmaceutical beat estimated earnings by 113.04%, reporting an EPS of $0.49 versus an estimate of $0.23.
Revenue was up $108.67 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.24 which was followed by a 5.17% drop in the share price the next day.
Here's a look at Biomarin Pharmaceutical's past performance:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
---|---|---|---|---|
EPS Estimate | 0.22 | 0.47 | 0.18 | -0.07 |
EPS Actual | 0.46 | 0.54 | 0.60 | 0 |
Revenue Estimate | 608.33M | 591.46M | 570.62M | 536.97M |
Revenue Actual | 581.33M | 595.27M | 596.41M | 537.54M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Biomarin Pharmaceutical management provided guidance for FY 2024, expecting earnings between $2.6 and $2.8 per share.
To track all earnings releases for Biomarin Pharmaceutical visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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