Stock Track | Blueprint Medicines Plummets 8.27% as Q4 Earnings Miss Overshadows Revenue Beat

Stock Track
13 Feb

Blueprint Medicines Corp. (BPMC) saw its stock plummet 8.27% in pre-market trading on Thursday, after the company reported its fourth-quarter and full-year 2024 financial results.

The biopharmaceutical company, focused on developing treatments for cancer and rare diseases, reported mixed results for the quarter:

  • Earnings: Q4 GAAP EPS of $(0.79) missed the analyst consensus estimate of $(0.70) by 12.86%.
  • Revenue: Q4 revenue of $146.37 million beat the analyst consensus estimate of $145.84 million by 0.36%. This represented a 103.41% increase from the same period last year.

For the full year 2024, Blueprint Medicines reported:

  • Revenue: $508.8 million, including $479.0 million in net product revenue from its lead drug AYVAKIT/AYVAKYT.
  • Net Loss: $67.1 million, or $(1.07) per share.

The company provided guidance for 2025, anticipating global AYVAKIT net product revenue of approximately $680 million to $710 million, representing 45% year-over-year growth at the midpoint.

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