What caused ONC's Q2 2024 earnings to exceed forecasts significantly?

ONC's Q2 2024 earnings exceeded forecasts significantly due to several key factors: 1. **Revenue Growth**: The company's revenue exceeded analysts' expectations, with a significant increase in product revenue, particularly driven by the growth in BRUKINSA sales. This indicates a strong market demand for their key product, which has contributed to the better-than-expected earnings. 2. **Cost Management**: Despite the revenue outperformance, the company's earnings were boosted by effective cost management. This includes operating leverage improvements and progress towards sustainable profitability, which have helped in maintaining profitability despite the revenue growth. In summary, ONC's Q2 2024 earnings exceeded forecasts due to strong revenue growth, particularly in their key product, and effective cost management.