Here's How to Play Vertex (VRTX) Stock After Q2 Loss, Price Dip
VRTXVertex(VRTX) ZACKS·2024-08-09 00:11

Vertex Pharmaceuticals Incorporated (VRTX) reported second-quarter 2024 results on Aug 1. Adjusted loss per share of 12.83waswiderthantheZacksConsensusEstimateofalossof12.83 was wider than the Zacks Consensus Estimate of a loss of 11.50. The significant loss in the quarter was due to costs related to the 4.9billionacquisitionofAlpineImmuneSciencesclosedinMay.Revenuesof4.9 billion acquisition of Alpine Immune Sciences closed in May.Revenues of 2.65 billion were in line with the Zacks Consensus Estimate. Total revenues rose 6% year over year, primarily driven by higher sales of its cystic fibrosis (CF) drug Trikafta/Ka ...