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TVTXBearishEarningsnews
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Travere Therapeutics (TVTX) Reports Q1 Loss, Misses Revenue Estimates

May 6, 2024, 6:26 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Travere Therapeutics reported a quarterly loss of $1.76 per share, missing estimates. - Revenues for the quarter ended March 2024 were $41.37 million, missing estimates by 2.70%. - Travere's stock has lost about 30.4% since the beginning of the year. - Estimate revisions trend for Travere is unfavorable, resulting in a Zacks Rank #5 (Strong Sell). - Medical - Biomedical and Genetics industry is in the top 32% of Zacks industries. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis

  • Travere Therapeutics reported a quarterly loss of $1.76 per share, missing estimates.
  • Revenues for the quarter ended March 2024 were $41.37 million, missing estimates by 2.70%.
  • Travere's stock has lost about 30.4% since the beginning of the year.
  • Estimate revisions trend for Travere is unfavorable, resulting in a Zacks Rank #5 (Strong Sell).
  • Medical - Biomedical and Genetics industry is in the top 32% of Zacks industries.

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