Sanofi 4th-qtr profit misses expectations but sales in line
French pharma major Sanofi (Euronext: SAN) this morning reported that fourth-quarter 2017 business net income fell 10.8% at constant exchange rates to 1.33 billion euros ($1.64 billion), missing the 1.46 billion euros expectations of analysts polled by Reuters in partnership with Inquiry Financial.
Sanofi said it had booked an impairment of 87 million euros related to Dengvaxia, its dengue vaccine currently at the center of a health scare in the Philippines, in the fourth quarter.
Net profit of 129 million euros for the quarter compared with 790 million euros in the like period a year earlier. Total sales rose 4.1% to 8.7 billion euros, in line with analysts’ forecasts.
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