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.

Biogen Q2 2021 earnings infographic

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

  • Biogen Q3 2020 earnings.
  • Biogen (BIIB) Q2 2020 Earnings Infograph

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