Yahoo Finance Roivant Sciences Third Quarter 2024 Earnings: Beats Expectations
Roivant Sciences (NASDAQ:ROIV) Third Quarter 2024 Results
Key Financial Results
Revenue: US$37.1m (up 118% from 3Q 2023).
Net income: US$5.10b (up from US$352.0m loss in 3Q 2023).
EPS: US$6.37 (up from US$0.49 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Roivant Sciences Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for Roivant Sciences you should be aware of, and 2 of them are potentially serious.
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