Ionis (IONS) Q2 Earnings and Revenues Beat, Stock Rises

Ionis Pharmaceuticals (IONS) incurred a loss of 45 cents per share for second-quarter 2024, which was narrower than the Zacks Consensus Estimate of a loss of 95 cents per share. Earnings include compensation expenses related to equity awards. Excluding these special items, adjusted loss per share was 24 cents against a loss of 40 cents per share in the year-ago quarter. Total revenues were $225 million in the second quarter, which beat the Zacks Consensus Estimate of$147.0 million. Revenues rose 20% year o ...