Exelixis Inc. (EXEL)
Exelixis Beats on Q3 Earnings and Sales, Raises Annual Outlook
EXEL tops on earnings and sales in the third quarter as lead drug Cabometyx maintains momentum. The company also raises its revenue guidance for 2024.
Exelixis, Inc. (EXEL) Q3 2024 Earnings Call Transcript
Exelixis, Inc. (NASDAQ:EXEL ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Varant Shirvanian - Director, IR Michael Morrissey - President & CEO Christopher Senner - EVP & CFO Amy Peterson - EVP, Product Development, Medical Affairs & Chief Medical Officer Dana Aftab - Chief Scientific Officer P.J. Haley - EVP, Commercial Conference Call Participants Asthika Goonewardene - Truist Chi Fong - Bank of America Silvan Tuerkcan - Citizens JMP Michael Schmidt - Guggenheim Securities Gregory Renza - RBC Capital Markets Yaron Werber - TD Cowen Jay Olson - Oppenheimer Andy Hsieh - William Blair Ashwani Verma - UBS Peter Lawson - Barclays Lukas Shumway - BMO Capital Markets Sudan Loganathan - Stephens Chris Shibutani - Goldman Sachs Joseph Catanzaro - Piper Sandler Operator Good day, ladies and gentlemen, and welcome to Exelixis Third Quarter 2024 Financial Results Conference Call.
Exelixis (EXEL) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Exelixis (EXEL) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Exelixis (EXEL) Q3 Earnings and Revenues Beat Estimates
Exelixis (EXEL) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.10 per share a year ago.
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Exelixis (EXEL) Earnings Expected to Grow: Should You Buy?
Exelixis (EXEL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Exelixis Stays Strong With Cabometyx While New Assets Approach Key Trials
Exelixis' stock has surged 51% since July 2023, significantly outperforming broader markets and breaking out of a five-year stagnation. Cabometyx, EXEL's primary revenue driver, continues to excel in renal cell carcinoma, generating strong sales and bolstering financial stability. The company settled patent disputes, delaying generic entry for Cabometyx until 2031, providing a critical extension of its revenue stream.
