BioMarin Raises Non-GAAP EPS Guidance, Revenue Expectations Remain

BioMarin Pharmaceutical (BMRN) released updated 2024 guidance with its Q1 2024 financial results, boosting non-GAAP diluted EPS range while maintaining revenue expectations. Non-GAAP EPS guidance was raised to $2.75-$2.95 from $2.60-$2.80, with consensus at $2.75. Revenue is still projected at $2.7B-$2.8B, meeting consensus of $2.76B. Despite missing revenue estimates in Q1, the company beat on earnings, with Vimizim and Voxzogo driving growth.

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