Rigel: Q4 Earnings Snapshot
By AP News
Published - Mar 07, 2023, 04:37 PM ET
Last Updated - Jun 22, 2023, 05:35 PM EDT
SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Rigel Pharmaceuticals Inc. (RIGL) on Tuesday reported fourth-quarter net income of $1.4 million.
The South San Francisco, California-based company said it had profit of 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The drug developer posted revenue of $51.3 million in the period.
