Tag

Sales Estimates

All articles tagged with #sales estimates

business2 years ago•1 min saved

Vertex Pharma's Sales Fall Short Due to Lackluster Demand for Established CF Therapies

Vertex Pharmaceuticals missed sales estimates for its older cystic fibrosis (CF) treatments in the third quarter, with a 35.4% decline in sales. The company now expects annual sales of approximately $9.85 billion from its CF treatments. However, sales of its top-selling CF drug, Trikafta, came in at $2.27 billion, slightly exceeding estimates. Vertex anticipates continued growth in the number of CF patients taking its medicines, including through new approvals and reimbursement for treatment of younger patients.

via Yahoo Finance|

#business #cf-treatments #cystic-fibrosis

business2 years ago•1 min saved

Rivian's Stock Plummets Amidst Sales Projections and Convertible-Notes Strategy

Rivian Automotive Inc. shares declined after the company released preliminary sales estimates for the third quarter that aligned with Wall Street expectations and announced plans to offer $1.5 billion in convertible notes. The estimates indicated sales between $1.29 billion and $1.33 billion, slightly below the anticipated $1.31 billion. Rivian also disclosed its intention to privately offer "green" convertible senior notes due in 2030, potentially raising an additional $225 million. The stock fell 8% in after-hours trading, despite a 9.2% increase during regular trading hours.

via MarketWatch|

#business #convertible-notes #ev-maker