Vertex (VRTX) Q2 Loss Wider Than Expected, '24 Sales View Raised
VRTXVertex(VRTX) ZACKS·2024-08-02 23:05

Vertex Pharmaceuticals Incorporated (VRTX) reported second-quarter 2024 adjusted loss per share of 12.83,whichwaswiderthantheZacksConsensusEstimateofalossof12.83, which was wider than the Zacks Consensus Estimate of a loss of 11.50. In the year-ago quarter, Vertex recorded adjusted earnings of 3.89pershare.Thesignificantlossinthequarterwasduetocostsrelatedtothe3.89 per share. The significant loss in the quarter was due to costs related to the 4.9 billion acquisition of Alpine Immune Sciences, which was closed in May.The company reported total revenues of $2.65 billion, comprising cystic fibrosis (CF) product revenues. The fig ...