Zai Lab's Shares Rise After Q1 Beat-February 2024-www.financetom.com

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Zai Lab's Shares Rise After Q1 Beat

May 9, 2024 10:42 AM

01:17 PM EDT, 05/09/2024 (MT Newswires) -- Zai Lab ( ZLAB ) shares rose past 23% in recent Thursday trading, a day after the company posted Q1 results that beat market expectations.

The company reported its Q1 loss widened to $0.55 per diluted American depositary share from $0.51 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.94.

Revenue for the quarter ended March 31 was $87.1 million, up from $62.8 million a year ago.

Analysts surveyed by Capital IQ expected $75.6 million.

Price: 20.43, Change: +3.86, Percent Change: +23.30

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