Yahoo Finance Aclaris Therapeutics Second Quarter 2024 Earnings: Beats Expectations
Aclaris Therapeutics (NASDAQ:ACRS) Second Quarter 2024 Results
Key Financial Results
Revenue: US$2.77m (up 48% from 2Q 2023).
Net loss: US$11.0m (loss narrowed by 63% from 2Q 2023).
US$0.15 loss per share (improved from US$0.42 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aclaris Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) also surpassed analyst estimates by 20%.
Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Pharmaceuticals industry in the US are expected to grow by 9.4%.
Performance of the American Pharmaceuticals industry.
The company's shares are down 11% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Aclaris Therapeutics that you should be aware of.
Have 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.
