Alexion shares soar as results impress
Shares in US drugmaker Alexion Pharmaceuticals (Nasdaq: ALXN) closed 15% up on Thursday at $121.42 as markets digested an encouraging set of first quarter results 2018 and some strong clinical data.
Total revenues in the first quarter were $930.9 million, a 7% increase compared to the same period in 2017 and exceeding the Zacks consensus estimate of $918 million.
Adjusted earnings of $1.68 per share were higher than the year-ago earnings of $1.38 by 22% and also beat the Zacks estimate of $1.48.
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