Aug. 5 at 6:11 PM
$CRSP dips over 8% after reported Q2 loss widens! 📉
Despite an impressive 51% YTD surge, CRSP’s reported Q2 loss came in wider than last year due to a hefty
$96.3M payment to Sirius Therapeutics, recorded as acquired in-process R&D expenses. Adjusted EPS was a bright spot, beating the Zacks Consensus Estimate. However, grant revenues missed significantly, weighing on the stock.
Full deep dive here 👉 https://www.zacks.com/stock/news/2668686/crsp-stock-down-on-huge-q2-loss-focus-on-increasing-casgevy-adoption?cid=sm-stocktwits-2-2668686-body-6167&ADID=SYND_STOCKTWITS_TWEET_2_2668686_BODY_6167