Stock Track | Insmed Plummets 5.11% in Pre-Market as Wider Q4 Loss Disappoints

Stock Track

02-20

Shares of Insmed Incorporated (INSM) plummeted 5.11% in pre-market trading on Thursday after the biopharmaceutical company reported a wider net loss for the fourth quarter of 2024 that missed analysts' expectations.

Insmed posted a net loss of $1.32 per diluted share for the quarter, wider than the loss of $1.28 per share in the year-ago period. Analysts polled by FactSet had forecast a loss of $1.17 per share.

While the company's revenue rose 24.8% year-over-year to $104.4 million, it narrowly missed the consensus estimate of $101.8 million. As of December 31, 2024, Insmed had cash, cash equivalents, and marketable securities totaling about $1.4 billion.

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As of December 31, 2024, Insmed had cash, cash equivalents, and marketable securities totaling about $1.4 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INSM","symbol_name":"Insmed","start_time":0,"source_url":"","article_id":"1159362560","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159362560","pubTimestamp":1740062142,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Insmed Incorporated  plummeted 5.11% in pre-market trading on Thursday after the biopharmaceutical company reported a wider net loss for the fourth quarter of 2024 that missed analysts' expectations.Insmed posted a net loss of $1.32 per diluted share for the quarter, wider than the loss of $1.28 per share in the year-ago period. 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