Biogen beats estimates and ups guidance

1 August 2024

US biotech Biogen (Nasdaq: BIIB) reported its second-quarter 2024 financial results and published its latest guidance on Thursday.

The firm reported quarterly revenue of $2.47 billion, where analysts had expected $2.38 billion. The figure was almost identical to the same period in 2023. Adjusted earnings per share were $5.28, above the $4.03 anticipated by Wall Street and up 31% on a year ago.

Biogen now expects full-year adjusted earnings to come in at $15.75 to $16.25 per share, up from a previous forecast of $15 to $16 per share.

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