Alnylam Pharmaceuticals (ALNY) Releases Earnings Results, Beats Expectations By $0.22 EPS

Alnylam Pharmaceuticals (ALNY) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-1.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.22. Analysts had a consensus of $-1.27. The company posted revenue of $8.70 million in the period, compared to analysts expectations of $7.98 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.85 EPS.

Many Wall Street Analysts have commented on Alnylam Pharmaceuticals. Alnylam Pharmaceuticals was Initiated by Morgan Stanley to “Overweight” on Aug 2, 2016. Company shares were Reiterated by Chardan Capital Markets on May 26, 2016 to “Buy”, Firm has raised the Price Target to $ 115 from a previous price target of $93 .

Alnylam Pharmaceuticals closed down -1.24 points or -1.73% at $70.56 with 9,58,283 shares getting traded on Tusday. Post opening the session at $72.07, the shares hit an intraday low of $68.02 and an intraday high of $72.93 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Apr 21, 2016, John Maraganore (Chief Executive Officer) sold 30,151 shares at $67.87 per share price. According to the SEC, on Mar 10, 2016, Michael W Bonney (director) purchased 2,000 shares at $58.36 per share price. On Dec 4, 2015, Philip A Sharp (director) sold 30,000 shares at $109.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Alnylam Pharmaceuticals Inc. is a biopharmaceutical company. The Company is engaged in the research and development of therapeutics based on its ribonucleic acid interference (RNAi). The Company’s pipeline focuses in three strategic therapeutic areas (STArs): Genetic Medicines with a pipeline of RNAi therapeutics for the treatment of rare diseases; Cardio-Metabolic Disease with a pipeline of RNAi therapeutics toward genetically validated liver-expressed disease in cardiovascular and metabolic diseases and hepatic infectious disease with a pipeline of RNAi therapeutics for treatment of hepatic infectious diseases. Its products include Patisiran (ALN-TTR02) Revusiran (ALN-TTRsc) ALN-AT3 ALN-CC5 ALN-AS1 ALN-AAT ALN-GO1 ALN-TMP ALN-PCS ALN-PCSsc ALN-AC3 ALN-ANG ANGPTL3 ALN-HBV ALN-HDV and ALN-PDL. The Company is developing two investigational RNAi therapeutic candidates for TTR-Mediated Amyloidosis (ATTR): patisiran and revusiran.

Alnylam Pharmaceuticals

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