Categories Earnings, Health Care

Biogen (NASDAQ: BIIB): Q4 2019 Earnings Snapshot

— Biogen Inc. (NASDAQ: BIIB) reported its fourth-quarter 2019 adjusted earnings of $8.34 per share versus $8.02 per share expected.

— Total revenues increased by 4% to $3.67 billion versus $3.54 billion expected.

Biogen (BIIB) Q4 2019 Earnings Snapshot

— Total product revenues rose by 4% driven by growth in multiple sclerosis drugs, spinal muscular atrophy drug Spinraza, biosimilars Benepali, Imraldi, and Flixabi.

— Research and development expense rose by 13% due to the inclusion of charges related to Samsung Bioepis transaction, related to the option exercise with Ionis Pharmaceuticals, and related to collaboration agreements with CAMP24 Therapeutics and Catalyst Biosciences.

— Looking ahead into the full year 2020, the company expects revenue in the range of $14-14.3 billion and adjusted earnings in the range of $31.50-33.50 per share. Analysts expect EPS of $33.03 on revenue of $14.06 billion.

— The earnings are anticipated to be in the range of $29.50-31.50 per share for the full year.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Key highlights from Southwest Airlines (LUV) Q3 2021 earnings results

Southwest Airlines Co. (NYSE: LUV) reported third quarter 2021 earnings results today. Operating revenue increased 161% year-over-year to $4.7 billion. The company reported a net income of $446 million, or

What happened when Alaska Air reported Q3 results

Alaska Air (NYSE: ALK) reported third-quarter 2021 financial results before the regular market hours on Thursday. The aviation company reported Q3 revenue of $1.95 billion, up over 260% year-over-year and

Infographic: AT&T reports Q3 earnings

AT&T (NYSE: T) reported Third-quarter 2021 financial results before the regular market hours on Thursday. The telecommunications giant reported Q3 revenue of $39.9 billion, down by 5.7% reflecting the company's

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