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TGTX
Benzinga
106 days

TG Therapeutics Falls Short On Earnings, But Briumvi Sales Steal the Show

1. TGTX reported Q1 earnings per share of 3 cents, missing expectations. 2. Sales reached $120.86 million, exceeding consensus of $118.43 million. 3. Briumvi's U.S. net sales were $119.7 million, reflecting strong market adoption. 4. Long-term projections for Briumvi revenue increased to $560 million for 2025. 5. Stock fell 13.2% despite positive sales growth and future forecasts.

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FAQ

Why Bearish?

Despite strong sales growth, the missed EPS target indicates underlying issues, affecting investor sentiment. Historically, similar misses have caused significant stock price drops.

How important is it?

The article highlights key financial metrics and future projections that significantly impact TGTX’s valuation and investor perception.

Why Short Term?

The immediate negative reaction may hinder TGTX's stock performance in the near term due to earnings disappointment.

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