
Verve Therapeutics: Q1 Earnings Snapshot
BOSTON (AP) — BOSTON (AP) — Verve Therapeutics Inc. (VERV) on Wednesday reported a loss of $31 million in its first quarter.
The Boston-based company said it had a loss of 35 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The biotechnology firm posted revenue of $33 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $7.1 million.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hamilton Spectator
22 minutes ago
- Hamilton Spectator
Rafael Devers ready to put Boston situation behind and start fresh in San Francisco
SAN FRANCISCO (AP) — Rafael Devers strolled into the clubhouse side-by-side with home run king Barry Bonds, a fellow left-handed slugger who San Francisco's new big hitter has long admired from afar. 'I think just looking at him my game has already improved a lot,' Devers joked as he was formally introduced by the Giants on Tuesday, when he was set to be designated hitter batting third in the series opener against the Cleveland Guardians. Devers is determined to leave his own lasting mark on the franchise in what is a much-needed fresh start for him and a monumental mid-season acquisition for Buster Posey and San Francisco's front office. And whatever went wrong in Boston , Devers is done discussing any issues he had with the Red Sox and eager to move forward across the country with the Giants. 'That's in the past now, I'm looking ahead and focusing on what I have here being a San Francisco Giant,' Devers said. 'I'm eager to go out there and play and see what I can do.' With a bright smile to match his bright new No. 16 jersey, Devers insisted he will play anywhere and do whatever manager Bob Melvin and his staff ask. 'I really like his answers by the way,' said Posey, in his first year as president of baseball operations. The Giants will take on a mega contract after Devers signed a new $331 million, 11-year deal in January 2023. He joins several other stars here with long-term contracts — shortstop Willy Adames has a seven-year, $182 million deal and third baseman Matt Chapman at $151 million over six years through 2030 — as Posey builds a roster he expects will compete for another World Series championship, like the ones the Giants won with him as their star catcher in 2010, '12 and '14. San Francisco last made the playoffs in 2021, when it won a franchise-record 107 games and edged the rival Dodgers for the NL West title on the final day. 'I think this organization has talent, they have won championships. I am here to play, to win and to win a championship,' Devers said through an interpreter. Posey thanked ownership for its willingness to go for it and traded for Devers to boost a club that has lacked power and struggled to score runs for extended stretches this year. The trade announced Sunday came together in the past few weeks after countless hours and conversations. 'I think the persistence really paid off,' chairman Greg Johnson said. While the Giants will gradually get Devers up to speed playing the field again since he has strictly been a DH this year, they know he has plenty of mentors eager to help. Devers was scheduled to do some fielding work at first base, the very position he didn't want to play after losing his spot at third when the Red Sox signed Alex Bregman to a $120 million, three-year contract in February to be their third baseman — the spot where Devers made 130 starts last year. 'When you have a guy like Barry Bonds around, arguably the greatest hitter of all-time, it's an added benefit for sure,' Posey said. It will only be a matter of days before Devers' first reunion with the Red Sox, who visit Oracle Park for a weekend series. He was batting .271 with 14 home runs and 57 RBIs over 72 games as Boston's primary DH. When asked what the differences will be as he begins anew, Devers noted: 'It's the same baseball. I'm here to give my 100%.' The 28-year-old Devers hadn't been thrilled with the idea of playing first base in Boston but thanked the people who cheered him, calling them 'great fans who supported me my whole time there.' After all the fanfare of his introduction and receiving his jersey in front of most of his teammates, who made time to be at his news conference before doing their pregame routines, Devers got to work. 'The Giants brought me here for a reason and I will give 100%,' he said. 'I'm now happy to be part of the team.' ___ AP MLB:

Politico
23 minutes ago
- Politico
Trump extends TikTok deadline again
President Donald Trump will extend the deadline for TikTok to divest its U.S. assets by another 90 days, the White House said Tuesday, marking the third time enforcement of the 2024 law has been punted. The popular short-form video app has been illegal for companies to support or host online since Jan. 19, but Trump has been granting it unilateral extensions since he took office, saying he has a deal in the works. 'As he has said many times, President Trump does not want TikTok to go dark,' White House press secretary Karoline Leavitt said in a statement on Tuesday. 'This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.' A reported deal to sell off TikTok got caught in U.S.-China trade tensions earlier this year. Just as the White House was preparing to unveil the finalized TikTok agreement ahead of an April 5 deadline, Beijing called ByteDance — TikTok's China-based parent company — and ordered it to pause the deal after Washington imposed a slew of reciprocal tariffs on China, along with dozens of other countries, a person familiar with the matter said. In Congress, Republicans are increasingly frustrated by the repeated extensions, but are still granting Trump space to negotiate a deal. 'We voted that it should be banned, and I look forward to the day that they can't continue to propagate Chinese talking points,' said Sen. Eric Schmitt (R-Mo.) on Tuesday before the announcement. Few lawmakers have been willing to voice their frustrations publicly, wary of crossing the president, even as they're frustrated by a TikTok negotiation that shows little sign of movement. One exception is Rep. John Moolenaar (R-Mich.), the head of the House select committee on China, who warned in a public op-ed in March that nothing short of complete divestment from Beijing would suffice.
Yahoo
29 minutes ago
- Yahoo
JD Sports Opens Las Vegas Strip Flagship Store, PHOTOS
JD Sports is continuing to focus on building its North American business with its latest store on the Las Vegas Strip. On Saturday, the UK-based athletic retailer debuted its third U.S. flagship store next to the recently opened Adidas and Puma locations in the new BLVD retail development on Las Vegas Blvd. More from WWD JD Sports Lands on Las Vegas Strip as UK Retailer Doubles Down on North America Kering's First Generation Award x Jewelry Winners Revealed at JCK Get to Know the Couture Show Design Atelier Freshman Class of 2025 The nearly 29,000-sq.-ft. store joins the company's other American flagship stores in New York City and Chicago. See all the photos of the new store below. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]