Theravance Biopharma (NASDAQ:TBPH) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$14.3m (up 3.7% from 2Q 2023).

• Net loss: US$16.5m (loss widened by 5.7% from 2Q 2023).

• US$0.34 loss per share (further deteriorated from US$0.28 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Theravance Biopharma Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are down 22% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Theravance Biopharma's balance sheet health.

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