argenx (ARGX) Tops Q2 EPS by 135c; offers guidance

argenx (NASDAQ: ARGX) reported Q2 EPS of EUR0.45, EUR1.35 better than the analyst estimate of (EUR0.90). Revenue for the quarter came in at EUR477.64 million versus the consensus estimate of EUR439.03 million.

GUIDANCE

Based on its current operating plans, argenx expects its combined research and development and selling, general and administrative expenses in 2024 to be less than $2 billion. argenx updated its cash burn guidance and now expects to utilize less than $500 million of net cash1 in 2024 on anticipated operating expenses as well as working capital and capital expenditures.

For earnings history and earnings-related data on argenx (ARGX) click here.

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