financetom
Business
financetom
/
Business
/
Arvinas' Q2 Net Loss Narrows as Revenue Rises; Names Andrew Saik CFO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Arvinas' Q2 Net Loss Narrows as Revenue Rises; Names Andrew Saik CFO
Jul 30, 2024 6:41 AM

09:22 AM EDT, 07/30/2024 (MT Newswires) -- Arvinas ( ARVN ) reported a Q2 net loss Tuesday of $0.49 per share, narrowing from a loss of $1.25 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.58 per share.

Revenue for the quarter ended June 30 was $76.5 million, up from $54.5 million a year earlier.

Analysts surveyed by Capital IQ expected $70.5 million.

Additionally, the biotechnology company said it has appointed Andrew Saik as its chief financial officer and promoted Angela Cacace to chief scientific officer and Randy Teel to chief business officer.

Price: 28.00, Change: +0.22, Percent Change: +0.79

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ford Reaches Tentative Agreement With Workers at River Rouge Plant
Ford Reaches Tentative Agreement With Workers at River Rouge Plant
Oct 3, 2024
06:55 AM EDT, 09/26/2024 (MT Newswires) -- Ford Motor ( F ) and workers at its River Rouge Complex in Dearborn, Michigan have reached a tentative labor agreement, the United Auto Workers said Wednesday. Local 600's Tool & Die Unit reached a deal that includes job security in the face of 3D printing advances and eliminates wage disparities for skilled...
Hut 8's GPU-as-a-Service Vertical Goes Live with Inaugural Deployment
Hut 8's GPU-as-a-Service Vertical Goes Live with Inaugural Deployment
Oct 3, 2024
06:55 AM EDT, 09/26/2024 (MT Newswires) -- Hut 8 ( HUT ) , a bitcoin miner, on Thursday said its GPU-as-a-service vertical has begun generating revenue as the inaugural GPU cluster for an AI cloud developer comes fully online. The cluster is hosted at a tier-three data center in Chicago. It is composed of multiple Hewlett Packard Enterprise Cray supercomputers...
Soma Gold Mobilizes Surface Drill Rig to El Limon Mine in Colombia
Soma Gold Mobilizes Surface Drill Rig to El Limon Mine in Colombia
Oct 3, 2024
06:59 AM EDT, 09/26/2024 (MT Newswires) -- Soma Gold ( SMAGF ) on Thursday said one of its diamond drill rigs is being mobilized to its El Limon Mine in Zaragoza, Colombia. A review of historical data from the mine and diamond drilling has revealed high-grade gold intercepts in the hanging wall and footwall of the mine, the company said....
Market Chatter: Automatic Data Processing in Advanced Talks to Acquire WorkForce Software for $1.2 Billion
Market Chatter: Automatic Data Processing in Advanced Talks to Acquire WorkForce Software for $1.2 Billion
Oct 3, 2024
06:17 AM EDT, 09/26/2024 (MT Newswires) -- Automatic Data Processing ( ADP ) is in advanced talks to acquire WorkForce Software for $1.2 billion from its backers including Elliott Investment Management and Insight Partners, Bloomberg reported Thursday, citing people familiar with the matter. Automatic Data Processing ( ADP ) could announce a deal in the coming weeks, the report said....
Copyright 2023-2026 - www.financetom.com All Rights Reserved