Categories AlphaGraphs, Earnings, Health Care
Biogen (BIIB) Earnings Infographic: Q2 profit, revenue drop but top estimates
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Thursday said its second-quarter earnings and revenues decreased from last year. The results, however, came in above analysts’ forecast.
Net income attributable to the company was $448.5 million or $2.99 per share in the June quarter, down from last year’s profit of $1.54 billion or $9.59 per share. Adjusted earnings dropped to $5.68 per share from $9.85 per share but topped expectations.
Total revenues decreased 25% year-over-year to $2.78 billion during the three-month period. Analysts had predicted a bigger fall.
Read management/analysts’ comments on Biogen’s Q2 report
Shares of Biogen made strong gains early Thursday following the earnings announcement, after closing the previous session higher.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20
Earnings Preview: Alibaba likely to report mixed results for Q4
Alibaba Group Holding Limited (NYSE: BABA) will be reporting fourth-quarter 2024 financial results next week. Over the years, the e-commerce giant successfully diversified its business and emerged as a major
A look at Tyson Foods’ (TSN) expectations for the remainder of FY2024
Shares of Tyson Foods, Inc. (NYSE: TSN) fell over 7% on Monday. The stock has gained 7% year-to-date. The company delivered mixed results for the second quarter of 2024, with