Ligand Pharmaceuticals Inc (LGND)

[S-BEES-BUMBLEBEE]

Ligand Pharmaceuticals Provides Guidance

Ligand Pharm ($LGND) reported a 2nd Quarter June 2022 loss of $0.14 per share on revenue of $57.4 million. The consensus earnings estimate was $0.12 per share on revenue of $37.7 million. Revenue fell 32.2% compared to the same quarter a year ago.

The company said, with its merger of Avista and spin-off of OmniAb, it expects 2022 non-GAAP earnings of $2.40 to $3.00 per share on revenue of $169.0 million to $188.0 million. The current consensus earnings estimate is $2.30 per share on revenue of $162.86 million for the year ending December 31, 2022.

Ligand Pharmaceuticals Inc is a biopharmaceutical company with a business model that is based upon the concept of developing or acquiring royalty revenue generating assets and coupling them with a lean corporate cost structure.

Link: https://www.earningswhispers.com/epsdetails/lgnd

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