Vertex Pharmaceuticals reported third-quarter 2024 financial results, beating estimates due to strong demand for its cystic fibrosis treatments. The company raised its annual revenue forecast. Analysts had estimated $2.69 billion in revenue and $4.10 in earnings per share. The WhisperNumber community expected $4.20 in earnings per share, 6 cents ahead of analyst estimates. Illumina also reported its third-quarter earnings, surpassing IBES estimates with an adjusted EPS of $1.14 and revenue of $1.08 billion. The company reported cash and equivalents of $869 million. NXP Semiconductors reported third-quarter revenue of $3.25 billion, down 5% year-over-year and up 4% quarter-over-quarter. The company provided a disappointing fourth-quarter forecast due to macroeconomic concerns and weaknesses in the automotive industry. NXP's GAAP EPS was $2.79, with a GAAP Gross Margin of 57.4% and a GAAP Operating Margin of 30.5%.
Vertex Pharmaceuticals raised its annual revenue forecast on Monday after it beat third-quarter estimates on demand for its cystic fibrosis (CF) treatments. https://t.co/iOWfQ5reRm https://t.co/iOWfQ5reRm
$VRTX 🇺🇸 Vertex Reports Third Quarter 2024 Financial Results https://t.co/7gGNs9fBuF https://t.co/TlYNKutI0m
$ILMN 🇺🇸 Illumina Reports Financial Results for Third Quarter of Fiscal Year 2024 https://t.co/zLJphu1hYO https://t.co/KzB3qV9ruK