Ligand (LGND) Beats Q1 Earnings, Misses Sales Estimates
LGNDLigand(LGND) Zacks Investment Research·2024-05-09 01:20

Ligand Pharmaceuticals Incorporated (LGND) reported core adjusted diluted net income per share of 1.20infirstquarter2024fromcontinuingoperations.Althoughearningsdeclined101.20 in first-quarter 2024 from continuing operations. Although earnings declined 10% year over, the figure still beat the Zacks Consensus Estimate of 1.13. Total revenues of 31.0millionweredown3031.0 million were down 30% from the year-ago quarter’s levels. The reported figure missed the Zacks Consensus Estimate of 32.5 million. The downside in earnings and sales was due to the receipt of a milestone payment from Travere Thera ...