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PRTABearishEarningsnews
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Prothena (PRTA) Q1 Earnings Miss Estimates on Higher R&D Expenses

May 9, 2024, 1:02 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Prothena (PRTA) reported a wider loss per share due to higher expenses and lower revenues. - Total revenues in Q1 were $0.05 million, missing estimates and declining from the previous year. - Pipeline updates include ongoing studies for Alzheimer's and Parkinson's disease treatments. - Share price of PRTA has fallen 36.6% year to date compared to the industry. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Research Analysis

  • Prothena (PRTA) reported a wider loss per share due to higher expenses and lower revenues.
  • Total revenues in Q1 were $0.05 million, missing estimates and declining from the previous year.
  • Pipeline updates include ongoing studies for Alzheimer's and Parkinson's disease treatments.
  • Share price of PRTA has fallen 36.6% year to date compared to the industry.

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