Categories AlphaGraphs, Earnings, Other Industries

Eylea lifts Regeneron Q2 earnings

Regeneron Pharmaceuticals Thursday reported better-than-expected second quarter earnings of $5.45 per share on a revenue of $1.6 billion. Revenue for the quarter rose 9% year-over-year driven by strong US sales growth of Eylea and Dupixent drugs. On a GAAP basis, net income jumped 44% to $4.82 per share.

In the US, Eylea sales grew 8% to $992 million, while Dupixent saw its sale grow more than six times to $181 million.

Regeneron Pharmaceuticals second quarter 2018 earnings

“We are particularly pleased by US launch progress with Dupixent for adults with moderate-to-severe atopic dermatitis, driven by a positive experience in the marketplace by patients and physicians in this serious disease,” said CEO Leonard Schleifer in a statement.

In the second half of the year, the company anticipates two significant US regulatory approvals –cemiplimab for cell cancer and Dupixent for uncontrolled asthma.

In the second half of the year, the company anticipates two significant US regulatory approvals –cemiplimab for cell cancer and Dupixent for uncontrolled asthma.

The pharma-giant lowered its CapEx guidance for the full-year to $410-450 million from the prior guidance of $420-480 million. Outlook for effective tax rate was lowered to 13-16% from the earlier projected range of 15-18%.

Regeneron Q2 earnings conference call transcript

Regeneron shares rose 1% during early trading.

Most Popular

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

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