Why Is $7B Valued Cancer Focused Exelixis Trading Lower Today?
Benzinga
Sunday, Exelixis Inc (NASDAQ: EXEL) provided financial guidance for fiscal year 2024 and delivered an update on its business.
The company announced preliminary FY23 revenue of $1.83 billion versus the consensus of $1.84 billion, with net product revenues of ~ $1.630 billion.
For FY24, Exelixis forecasts revenues of $1.825 billion - $1.925 billion versus the consensus of $2.06 billion.
Exelixis authorized a $450 million share repurchase in 2024 after the $550 million share repurchase was complete...
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