Alnylam: Q1 Earnings Snapshot

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Alnylam Pharmaceuticals Inc. (ALNY) on Thursday reported a loss of $57.5 million in its first quarter.
The Cambridge, Massachusetts-based company said it had a loss of 44 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.
The RNA interference drug developer posted revenue of $594.2 million in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $588.2 million.
Alnylam shares have risen 12% since the beginning of the year. The stock has increased 83% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALNY at https://www.zacks.com/ap/ALNY

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

San Francisco Chronicle​

an hour ago

• San Francisco Chronicle​

ULM drops women's tennis amid athletic department financial constraints

MONROE, La. (AP) — The women's tennis program at Louisiana-Monroe has been disbanded because of financial constraints at the university's athletic department. Athletic director John Hartwell announced this week that the decision stemmed from 'increased operational and infrastructure costs' and will help ULM athletics 'to continue progress towards balancing its budget' while maintaining an NCAA-required minimum of 16 Division I sports. Under the recently approved NCAA antitrust settlement, scholarship caps will be replaced by roster limits and schools will be able to fund every roster spot with a scholarship. Hartwell said as women's tennis players graduate or transfer, scholarship funds that had been dedicated to them will be redirected to other remaining women's sports teams. ULM spokesman Martin Radosevic the administration also 'worked with a Title IX consultant to ensure we maintained Title IX compliance during this process.' Title IX prohibits discrimination based on gender. For practical purposes, it requires universities to fund athletic scholarships in a way that is proportionate to the number of men and women participating on their varsity sports teams. While the number of women's athletic scholarships funded by ULM won't change, its athletic department will save on other expenses that had gone toward the tennis program — from coaches' salaries to travel, equipment and facility costs. Radosevic said the athletic department expects savings of about $250,000. 'Discontinuing a sport is never an easy decision, nor one that we take lightly,' Hartwell said. 'We know this is tough for our student-athletes and our coaches, who have poured so much into our tennis program." Hartwell said ULM will honor the scholarships of those who want to complete their degrees without transferring elsewhere. He said his administration also will help those tennis players who want to continue to compete to pursue opportunities at other schools. 'We will prioritize as smooth a transition as possible for our student-athletes,' Hartwell said. ___

Fox Sports

an hour ago

• Fox Sports

Paddock Buzz: Foyt Team Honors Memory of Dear Friend at Road America

INDYCAR A.J. Foyt Enterprises honors this weekend at Road America the legacy of longtime friend, supporter and team sponsor Marlyne Sexton (photo, left), who passed away June 11 at age 86. In her memory, the team debuted a special tribute livery on the No. 14 Sexton Properties/AJ Foyt Racing Chevrolet driven by Santino Ferrucci during this weekend's XPEL Grand Prix at Road America Presented by AMR. Ferrucci was the 11th quickest among 27 drivers in Friday's opening practice session with a top lap of 1 minute, 45.7423 seconds. 'Man, just hanging out with Mrs. Sexton and A.J. in Indy is just always fun, just watching them,' Ferrucci said. 'They had some good banter back and forth. 'She's such a wonderful lady. She did wonders for the team. She made me feel like family when I first joined in 2023. I know she thought of Larry (Foyt) like a son, so heavy hearts with her passing, and very honored to be driving the special livery in her honor for this weekend.' Sexton, along with her husband, Joe, founded Sexton Properties, an Indianapolis-based real estate development company, in 1962. Their first Indiana project was located just minutes from Indianapolis Motor Speedway and marked the beginning of a friendship between the Sextons and A.J. Foyt, one of the development's first tenants. 'I met Marlyne's husband, Joe Sexton, years ago,' Foyt said. 'I was one of the first customers, and from then on, we were just great friends." Joe passed away in 2002, but Marlyne continued to lead the company and remained a powerful influence in real estate and motorsports. Sexton Properties began sponsoring AJ Foyt Racing during the 2015 Indianapolis 500 as an associate partner on an entry driven by Alex Tagliani. The partnership grew each season, culminating in a primary sponsorship role by 2022. "I am deeply saddened by the loss of Marlyne Sexton,' said Larry Foyt, team president of AJ Foyt Racing. 'It can't be overstated the positive effects she has had on not only our team but on me personally. Her strength and positive influence are a huge piece of our recent successes. I will forever be grateful for the life lessons she taught me and the confidence she instilled in all aspects of my life. 'Marlyne loved watching INDYCAR and cheering for AJ Foyt Racing. I will miss our talks about the races and the team, but her teachings and impact will be remembered for the rest of my life.' Kirkwood Riding Momentum Into Road America Kyle Kirkwood enters Road America aiming for a feat Andretti Global hasn't pulled off in over a decade. Kirkwood has three victories this season, with back-to-back wins in the last two races in the series, the Chevrolet Detroit Grand Prix on June 1 and Bommarito Automotive Group 500 presented by Axalta and Valvoline on June 15. He has a chance in Sunday's 55-lap race to become the first Andretti Global driver since Ryan Hunter-Reay in 2012 to win three races in a row. RHR pulled off a hat track that year at Milwaukee Mile, Iowa Speedway and the streets of Toronto. 'Momentum is a big thing in motorsports,' Kirkwood said. 'When you have that kind of momentum, things come to you a little bit easier.' Kirkwood is off to a great start Friday, quickest in the No. 27 Siemens Honda with a lap of 1:44.9881. Kirkwood has improved his finishing position at Road America all three years. He finished 20th as a rookie for AJ Foyt Racing in 2022, then ninth and fifth, respectively, for Andretti Global the last two years. The steady upward trend, paired with his current form, positions him as a legitimate threat to contend for the win Sunday. This is also the first time this season Kirkwood hasn't had a week off between wins. 'To do well, you've got to celebrate with the crew for a couple of hours, and then you're straight back to work to do it all over again,' he said. 'I've gone home after each win and been able to relax and wind down from it, but this week it's been like, 'OK, it's Road America, here we go again,' which isn't a bad thing. Just keep it rolling. It doesn't allow the ball to stop.' Herta Strives for Road America Victory Colton Herta has been one of the most consistent performers at Road America, but victory at the 4.014-mile Wisconsin road course continues to slip just out of reach. In eight starts, Herta has never finished worse than eighth and has qualified on the front row five times, including each of the last two years. He earned NTT P1 Award honors in 2019 as a rookie and in 2023. He's only started outside the top seven once – 11th in 2022. 'I've always been really strong here,' Herta said. But have still never won. I've had close ones. This is the place I've never really had a bad weekend.' Herta's best chances slipped away due to small but costly mistakes. In 2019, managing tire wear caught him off guard as he faded to eighth. In 2023, a pit stop one lap too early forced him to save fuel late, and he ultimately finished fifth. Andretti Global Drivers Stick With Pacers Andretti Global's NBA loyalty got complicated this week as Mark Walter, who is part of Andretti Global's TWG Global ownership group, made headlines this week for purchasing the Los Angeles Lakers. Walter, already a stakeholder in the Los Angeles Dodgers and Los Angeles Sparks and owner of the Professional Women's Hockey League, holds a significant presence in both racing and LA sports. However, Andretti Global is based in Indianapolis, and co-owner Dan Towriss' company Gainbridge, has naming rights to Gainbridge Fieldhouse, home of the Pacers. So, where do Andretti Global drivers Marcus Ericsson, Herta and Kirkwood's allegiances stand? Herta took a bipartisan approach. 'I'll have an Eastern Conference team in the Pacers and a Western Conference team in the Lakers to cheer for,' he said. Florida native Kirkwood was more loyal to his adopted home. 'I don't know anything about that situation,' Kirkwood said. 'I live in Indiana. I know all the Pacers players' names, at least. I watch them play, and I know their style. I'm a big, big fan of the Pacers. I scream at the TV.' Ericsson, like Kirkwood, remains loyal to the Pacers. Fatherhood Helps McLaughlin Through Rough Stretch Scott McLaughlin is navigating a challenging stretch of the season, with a string a setbacks that have dropped him from fifth in points entering the 109th Running of the Indianapolis 500 presented by Gainbridge to eighth in the standings entering Sunday's 55-lap race at Road America. McLaughlin crashed on the pace lap and finished 30th in the '500' on May 25. A week later, he was penalized for avoidable contact after rear-ending Nolan Siegel's No. 6 Arrow McLaren Chevrolet and finished 12th at Detroit. In last Sunday's race at World Wide Technology Raceway, McLaughlin qualified second, ran in the top five, but suffered a mechanical failure on Lap 216, ending 24th. McLaughlin likened this difficult period to his 2015 season in Australian V8 Supercars, though with a more grounded perspective this time around. Becoming a first-time father to daughter Lucy during the offseason has provided emotional balance and perspective. 'Obviously, her college fund has taken a hit, but I think at the same time she's so very refreshing,' McLaughlin said. 'Being a dad and having a life outside of the sport, not that I didn't have that before without Lucy. I mean, I always had (wife) Karly, and she's great at taking my mind of stuff. But the dad part of life is awesome, and I'm probably the most happy I've ever been off the track.' McLaughlin has yet to win at Road America in four starts, but his performance improved each year, climbing from 14th in 2021, seventh in 2022, eighth in 2023 and third after leading 18 laps last year. He was sixth quickest Friday with a time of 1:45.3191 in the No. 3 XPEL Team Penske Chevrolet. Franchitti, Buxton Shave Foster's Mustache for Charity NTT INDYCAR SERIES rookie Louis Foster made a surprising and charitable style change ahead of the Road America race weekend by losing the mustache he had sported all season. Foster, an English driver for Rahal Letterman Lanigan Racing, wore the mustache as a nod to three-time series champion Bobby Rahal, co-owner of the team. In May, he joked that his look was very 1986 Indy 500 Bobby Rahal, embracing the retro vibe and team pride. At Thursday night's Welcome Party at Siebkens Stop-Inn Tavern, a beloved Elkhart Lake establishment, Foster joined other drivers as a celebrity bartender, raising funds for Racing For Kids through tips and donations. When asked what it would take to shave the mustache, Foster half-jokingly said $1,000. Dario Franchitti, a four-time INDYCAR SERIES champion, offered $500 if he could shave it off himself. Others, including FOX Sports play-by-play announcer Will Buxton, chipped in, and the mustache was officially shaved for charity. Foster was eighth quickest in the No. 45 Droplight/Desunda Tequila Honda in Friday's practice. Cannon Helps VeeKay Score WWTR Top 10 Finish Rinus VeeKay has found a new groove in recent races and credits veteran engineer Michael Cannon for the turnaround. Cannon rejoined Dale Coyne Racing after this year's Indianapolis 500 presented by Gainbridge and brings decades of technical expertise and a proven track record of rapid impact. In their first race together at Detroit, Cannon's input, especially on braking, helped VeeKay qualify seventh. The next race at WWTR, the No. 18 askROI Honda cracked the top 10 and finished seventh thanks to fuel-saving strategy devised by Cannon. Cannon spent six years (2014-19) at DCR, engineering a range of drivers. He also has served as an engineer in recent seasons for Chip Ganassi Racing and AJ Foyt Racing, delivering immediate improvements to those teams, especially on ovals. 'Working with (Scott) Dixon in the past, he gave me some tricks to improve the fuel mileage,' VeeKay said. Odds and Ends Championship leader Alex Palou has new colors on track this weekend with SOLO Cup sponsoring his No. 10 Chip Ganassi Racing Honda. He was ninth quickest in the opening practice session. Team Penske swept the podium in last year's race and had all three drivers in the top six during Friday's practice session, led by defending race winner Will Power (1:45.1795) in third in the No. 12 Verizon Team Penske Chevrolet. Two-time Road America winner Josef Newgarden (1:45.2228) in the No. 2 PPG Team Penske Chevrolet was fourth, .0433 of a second behind Power, with McLaughlin sixth. The top 15 drivers in Friday's speed chart were separated by less than a second. Saturday features NTT INDYCAR SERIES practice at 11:05 a.m. ET and then qualifying to set the 27-car lineup for Sunday's race at 2:35 p.m. ET. Both air on FS1, the FOX Sports app and the INDYCAR Radio Network. 2012 INDYCAR SERIES champion and 2014 Indianapolis 500 presented by Gainbridge winner Ryan Hunter-Reay served as a booth analyst for FOX's INDY NXT by Firestone practice coverage Friday. recommended

Yahoo

2 hours ago

• Yahoo

What Can Investors Expect from Q2 Earnings?

The expectation is for Q2 earnings to increase by +5% from the same period last year on +3.9% higher revenues. This will be a material deceleration from the growth trend of recent quarters. In the unlikely event that actual Q2 earnings growth for the S&P 500 index turns out to be +5% as currently expected, this will be the lowest earnings growth pace for the index since the +4.3% growth rate in 2023 Q3. We have been regularly flagging in recent weeks that 2025 Q2 earnings estimates have been steadily coming down, as you can see in the chart below. Image Source: Zacks Investment Research The magnitude of cuts to 2025 Q2 estimates since the start of the period is larger and more widespread than what we have become accustomed to seeing in the post-COVID period. Since the start of April, Q2 estimates have declined for 14 of the 16 Zacks sectors (Aerospace and Utilities are the only sectors whose estimates have gone up), with the biggest cuts to Conglomerates, Autos, Transportation, Energy, Basic Materials, and Construction sectors. Estimates for the Tech and Finance sectors, the largest earnings contributors to the S&P 500 index, accounting for more than 50% of all index earnings, have also been cut since the quarter got underway. But as we have been pointing out recently, the revisions trend for the Tech sector has notably stabilized in recent weeks, as shown in the chart below. Image Source: Zacks Investment Research We see this same trend at play in annual estimates as well. The chart below shows the Tech sector's evolving earnings expectations for full-year 2025. Image Source: Zacks Investment Research A likely explanation for this stabilization in the revisions trend is the easing in the tariff uncertainty after the more punitive version of the tariff regime was delayed. Analysts started revising their estimates lower in the immediate aftermath of the early April tariff announcements, but appear to have since concluded that those punitive tariff levels are unlikely to get levied, helping stabilize the revisions trend. The chart below shows current Q2 earnings and revenue growth expectations in the context of the preceding four quarters and the coming three quarters. Image Source: Zacks Investment Research The chart below shows the overall earnings picture on a calendar-year basis. Image Source: Zacks Investment Research In terms of S&P 500 index 'EPS', these growth rates approximate to $253.84 for 2025 and $286.87 for 2026. The chart below shows how these calendar year 2025 earnings growth expectations have evolved since the start of Q2. As you can see below, estimates fell sharply at the start of the quarter, which coincided with the tariff announcements, but have notably stabilized over the last four to six weeks. Image Source: Zacks Investment Research The June-quarter reporting cycle will really get going when the big banks come out with their results on July 15th. But we will have officially counted almost two dozen quarterly reports from S&P 500 members by then. All of those reports will be from companies with fiscal quarters ending in May, which we and other research organizations count as part of the June-quarter tally. We have seen such fiscal May-quarter results from 9 S&P 500 members already and are on track to see another 8 index members come out with results this week. The notable companies reporting this week include FedEx FDX, Nike NKE, Micron MU, and others. FedEx shares were down big in response to the March 20th quarterly release when it missed estimates. But the stock has been struggling for the last couple of years, with the onset of uncertainty around international trade adding to muted demand trends in the industrial sector. FedEx has been actively working to reduce its cost base and lower the business's capital intensity. The board's announcement to spin off the LTL business (less-than-truckload business) is part of that repositioning. FedEx is scheduled to report after the market's close on Tuesday, June 24th. The company is expected to earn $5.94 per share on $21.7 billion in revenues, representing year-over-year changes of +9.8% and -1.9%, respectively. Estimates for the period have steadily come down, with the current $5.94 per share estimate down from $5.98 a month back and $6.32 three months ago. FedEx shares have lost roughly a fifth of their value this year, roughly in line with UPS's performance, but materially below the S&P 500 index's +1.2% gain. The stock is down -2.1% over the last three years, while the S&P 500 index has gained +60.3%. Just like FedEx, Nike is another bellwether that has been struggling lately, with the stock down -21.1% this year when the market as a whole is up +1.2%. Expectations for Nike's quarterly release after the market's close on Thursday, June 26th, remain low, with EPS and revenues expected to decline -89.1% and -15.4% from the same period last year, respectively The headwinds facing Nike include perceptions of a stale product line that has been weighing on demand and the resulting inventory build that needs to be rightsized. The inventory overhang is expected to persist for a few more quarters, but the market will eagerly seek incremental information on the reception of new products and updates on the product pipeline. The margin squeeze is primarily a result of clearing stale inventory, but also reflects the new management team's renewed focus on the wholesale business, which had been neglected in recent years. Micron Technology shares have literally been on fire lately, up +46.2% in the year-to-date period, handily outperforming the Zacks Tech sector's +1.5% gain and the S&P 500 index's +1.2% gain. Driving the stock's impressive momentum is Micron's leadership position in the high-bandwidth memory (HBM) space, a mission-critical input for high-performance computing (HPC) and artificial intelligence (AI) applications. The combination of stable demand trends in legacy products like DRAM and continued strength in HBM is expected to result in strong numbers when Micron reports results after the market's close on Wednesday, June 25th. The expectation is that Micron will report $1.57 per share in earnings on $8.81 billion in revenues, representing year-over-year changes of +153.2% and +29.3%, respectively. Estimates for the fiscal May quarter have remained unchanged over the last three months, although they have increased modestly for the August period and for next year as well. As noted earlier, we have already seen fiscal May-quarter results from 9 S&P 500 members, which we count as part of our Q2 tally. Total earnings for these 9 index members that have reported results are up +2.4% from the same period last year on +7.9% revenue gains, with 77.8% of the companies beating EPS estimates and all of them beating revenue estimates. The comparison charts below put the Q2 earnings and revenue growth rates for these index members in a historical context. Image Source: Zacks Investment Research The comparison charts below put the Q2 EPS and revenue beats percentages in a historical context. Image Source: Zacks Investment Research We are not drawing any conclusions from these results, given the small sample size at this stage. But we nevertheless wanted to put these early results in a historical context. For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >>>> Earnings Estimates Stabilize: A Closer Look Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research