Vaccine Maker Emergent BioSolutions Expects Deeper Losses In 2024, Stock Sinks
EBSEmergent BioSolutions(EBS) Benzinga·2024-08-07 23:47

On Tuesday, Emergent BioSolutions Inc. EBS reported second-quarter 2024 sales of 254.7million,down25254.7 million, down 25% year over year, beating the consensus of 190 million.The company reported an adjusted EPS loss of (2.32),morethandoublethe(2.32), more than double the (1.05) reported a year ago, missing the consensus of (0.94).RevenuesfromNarcan(naloxoneHCl)NasalSpraydecreased 10(0.94).Revenues from Narcan (naloxone HCl) Nasal Spray decreased 10% to 120 million, primarily driven by an unfavorable price and volume mix in 2024 to U.S. public interest channels and lower Canadian market sales, partia ...