Ironwood's Q3 Earnings Lag Estimates, Revenues Top, Stock Down
Ironwood(IRWD) ZACKS·2024-11-09 01:06
Ironwood Pharmaceuticals, Inc. (IRWD) reported adjusted earnings of 2 cents per share for the third quarter of 2024, missing the Zacks Consensus Estimate of 9 cents. The company had recorded adjusted earnings of 12 cents per share in the year-ago quarter.Total revenues in the third quarter were $91.6 million, which beat the Zacks Consensus Estimate of $89 million. However, the top line decreased almost 19.4% year over year due to the decrease in collaborative arrangements revenues related to its sole market ...