earnings
confidence high
sentiment positive
materiality 0.80
Halozyme beats Q2 with $231M revenue, $0.91 non-GAAP EPS; reiterates raised 2024 outlook
HALOZYME THERAPEUTICS, INC.
2024-Q2 EPS reported
$1.32
revenue$427,232,000
- Revenue $231M (+5% YoY), net income $93M (+24%), GAAP EPS $0.72, non-GAAP EPS $0.91.
- Royalty revenue $124.9M (+12% YoY) led by Phesgo, VYVGART Hytrulo, and Teriparatide launches.
- Reiterated FY2024 guidance: rev $935-1015M, adj EBITDA $555-615M, non-GAAP EPS $3.65-4.05.
- Partner approvals: Ocrevus SC (EU/UK), VYVGART Hytrulo for CIDP (US); BMS nivolumab SC PDUFA Dec 29, 2024.
- Completed $250M ASR (6.5M shares at $38.35); new EU patent extends ENHANZE royalty through March 2029.