Categories AlphaGraphs, Earnings, Health Care

VRTX Earnings: A snapshot of Vertex Pharmaceuticals’ Q1 2023 results

Healthcare firm Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) on Monday reported a decline in adjusted earnings for the first quarter, despite an increase in revenues.

Vertex Pharmaceuticals Q1 2023 earnings infographic

Total revenues increased to $2.37 billion in the first quarter from $2.10 billion in the corresponding period of 2022. For the full fiscal year, the management expects product revenues to be between $9.55 billion and $9.70 billion.

Meanwhile, adjusted earnings dropped to $3.05 per share in the March quarter from $3.52 per share in the prior-year period. Unadjusted profit was $699.8 million or $2.69 per share, compared to $762.1 million or $2.96 per share last year.

Prior Performance

  • Vertex-Pharmaceuticals-Q4-2022-Earnings-Infographic

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