Upbeat Q2 results no help to Gilead Sciences as CEO resignation sends shares down

Lower product sales and prescription trends continued to batter Gilead Sciences (GILD), as earnings slipped more than 40% in the second quarter of FY2018. However, the results beat expectations. The earnings announcement was preceded by the company updating that John F. Milligan will step down as CEO and President. The upbeat results were marred by … Continue reading Upbeat Q2 results no help to Gilead Sciences as CEO resignation sends shares down