BeiGene Swings to Loss in Q3; Hong Kong Shares Slide 3%

MT Newswires Live

2024/11/13

BeiGene (HKG:6160, SHA:688235) swung to a net loss of $121.4 million in the third quarter from a profit of $215.4 million in the year-ago period.

The drugmaker incurred a loss per share of $0.09, reversing earnings per share of $0.15 in the previous year, according to a Wednesday filing with the Hong Kong Exchange.

Total revenue jumped to $1 billion from $781.3 million a year earlier, driven by growth in BRUKINSA product sales in the US and Europe.

Shares slid 3% in Hong Kong during Wednesday's morning trading.

Price (HKD): $116.90, Change: $-4.9, Percent Change: -4.02%

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