Lexicon Pharmaceuticals (LXRX) Reports Q1 Loss, Misses

anonymous

Guest
In case you were wondering why Coats got fired, er, retired.


https://www.zacks.com/amp/stock/new...lxrx-reports-q1-loss-misses-revenue-estimates

Lexicon Pharmaceuticals (LXRX - Free Report) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this drugmaker would post a loss of $0.23 per share when it actually produced a loss of $0.20, delivering a surprise of 13.04%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Lexicon, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $1.13 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 3.09%. This compares to year-ago revenues of $0.02 million.