Categories AlphaGraphs, Earnings, Other Industries

Alexion Pharmaceutical sales spike by 14% in Q2

Alexion Pharmaceutical Thursday reported 14% increase in revenue for the second quarter, riding on a 16% volume hike. The company, however, swung to a loss of $2.05 per share from a profit of $0.73 per share a year ago as operating expenses doubled due to certain charges related to the acquisition of Wilson Therapeutics. Excluding these charges, earnings improved 33% to $2.07 per share.

Revenue for the quarter stood at $1.05 billion. The results surpassed projections set by analysts.

“We have advanced our ALXN1210 programs with the goal of improving the standard of care for patients and have filed regulatory submissions for PNH in the U.S. and EU, and pending regulatory approval, plan to launch next year.” CEO Ludwig Hantson said in a statement.

Alexion Pharma product sales trend

During the quarter, sales of the company’s flagship Soliris drug, used in the treatment of rare blood-related diseases, increased 10% to $898.2 million. Volume improved 11% year-over-year.

Elated by the strong performance in the second quarter, the Connecticut-based company raised its revenue and income expectations for the full year. The company now expects non-GAAP earnings in the range of $7.00 to $7.15 per share on a total revenue of $3.98 billion to $4.01 billion for FY18.

Earlier, the company had projected non-GAAP earnings of $6.75 to $6.90 per share on revenue of $3.925 billion to $3.985 billion. Alexion stock gained over 2% in pre-market trading on Thursday.

Related: Alexion Q1 results (Click to enlarge image)

Alexion earnings infographic
Alexion Pharmaceuticals Q1 2018 Earnings Infographic

Most Popular

Earnings Preview: Home Depot’s Q3 report likely to reflect weak consumer demand

The US housing industry has been mostly resilient to headwinds like economic uncertainties so far this year. However, housing activity cooled in recent months as high mortgage rates and inflation

Take-Two Interactive (TTWO) will report Q2 2025 earnings this week, a few points to note

Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Monday. The stock has gained 16% over the past three months. The gaming company is set to report its second

Earnings Summary: Highlights of Loews Corporation’s (L) Q3 2024 report

Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top