ACELYRIN Inc reports results for the quarter ended March 31 - Earnings Summary
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ACELYRIN Inc reported a quarterly adjusted loss of 55 cents per share for the quarter ended March 31, compared to a loss of 36 cents per share in the same quarter last year. The company reported a total loss of $55.26 million with zero revenue. ACELYRIN shares fell by 17.2% this quarter and 34.9% year-to-date. Analysts maintain a "strong buy" rating with a median 12-month price target of $8.00. The earnings estimate for the next quarter was missed by 5 cents.
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