Moderna IncModerna achieved fastest revenue growth among peers with $389M, up 260% and beating estimates by 55.8%.
The 11 therapeutics stocks tracked by StockStory reported a satisfactory first quarter, with aggregate revenues beating analysts' consensus estimates by 14.5%. Biogen posted revenues of $2.48 billion, up 1.9% year on year and exceeding expectations by 11.2%, while Moderna achieved the fastest revenue growth among peers with $389 million, up 260% and beating estimates by 55.8%. United Therapeutics delivered the weakest performance against analyst estimates, with revenues of $781.5 million down 1.6% and missing expectations by 1.9%. AbbVie reported $15 billion in revenues, up 12.4% and topping estimates by 1.7%, and Amgen posted $8.62 billion, up 5.8% and surpassing expectations by 1.4%. Share prices of the group have held steady, up 4.6% on average since the latest earnings results.
Moderna IncModerna achieved fastest revenue growth among peers with $389M, up 260% and beating estimates by 55.8%.
Biogen IncBiogen reported Q1 revenues of $2.48B, up 1.9% and exceeding expectations by 11.2%.
United Therapeutics CorporationUnited Therapeutics delivered weakest performance against estimates, with revenues of $781.5M down 1.6% and missing expectations by 1.9%.
AbbVie IncAbbVie reported Q1 revenues of $15B, up 12.4% and beating estimates by 1.7%.
Amgen IncAmgen posted Q1 revenues of $8.62B, up 5.8% and surpassing expectations by 1.4%.