Biogen fourth-quarter 2022 sales and earnings beat expectations

15 February 2023

US biotech major Biogen (Nasdaq: BIIB) today reported financials for 2022, showing that fourth quarter revenues were $2,544 million, a decline of 7% but beating consensus forecasts of $2.45 billion.

On a generally accepted accounting principles (GAAP), diluted earnings per share (EPS) were $3.79, up 52%, with non-GAAP diluted EPS $4.05, up 19% and also ahead of consensus at $3.49.

For the full year revenue was $10,173 million, down 7%; GAAP diluted EPS $20.87, a decline of 101%; Non-GAAP diluted EPS $17.67, down 8%.

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