Rare Disease-Focused Ascendis Pharma Stock Falls On Underwhelming Q2 Earnings, Guidance Cut
ASNDAscendis Pharma(ASND) Benzinga·2024-09-04 21:09

Tuesday, Ascendis Pharma A/S ASND reported second-quarter sales of 38.76million(35.9millioneuros),missingtheconsensusof38.76 million (35.9 million euros), missing the consensus of 92.7 million, down from 47.4 million euros reported a year ago.Results in the quarter were primarily impacted by a negative adjustment to prior periods' estimates and assumptions for sales deductions of 27.1 million euros, where 19.5 million euros and 7.6 million euros were attributable to the three months ended March 31, 2024, and periods before January 1, 2024, respectively.Als ...