Halozyme's (HALO) Q1 Earnings Beat, Revenues Lag Estimates
Halozyme(HALO) Zacks Investment Research·2024-05-08 23:36
Halozyme Therapeutics, Inc. (HALO) reported first-quarter 2024 adjusted earnings of 79 cents per share, which surpassed the Zacks Consensus Estimate of 69 cents. The company had recorded earnings of 47 cents per share in the year-ago period.Total revenues increased 21% year over year to $195.9 million in the first quarter. The top line was driven by higher royalty payments from J&J (JNJ) for subcutaneous Darzalex (daratumumab) and Roche (RHHBY) for Phesgo, as well as increased milestone payments from collab ...