News & Insights

Markets
MOR

MorphoSys Posts Q3 Loss, Reaffirms FY19 Revenue Outlook

October 29, 2019 — 05:56 pm EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - MorphoSys AG (MOR) Tuesday reported third-quarter loss of 24.2 million euros or 0.76 euro per share, compared to profit of $30.2 million euros or 0.96 euro per share last year.

Revenues for the third quarter dropped 77% to 12.5 million euros from 55.0 million euros last year.

Looking forward to 2019, MorphoSys re-affirms its financial guidance. The company expects revenues at the upper end of its guidance of 65 million to 72 million euros.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source ->

Stocks mentioned

MOR

More Related Articles

Info icon

This data feed is not available at this time.

  • •

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.