Leqembi lifts Biogen earnings
Biogen (Nasdaq: BIIB) presented its first-quarter 2024 financial results on Wednesday.
The US biotech major beat analysts’ expectations with its quarterly profit figures. Net income of $393.4 million, or $2.70 per share, was up by more than 1% from $387.9 million, or $2.67 per share, a year earlier. First-quarter adjusted earnings per share of $3.67 exceeded the FactSet consensus of $3.45.
But revenue in the quarter came to $2.29 billion, down 7% from the year-earlier period and missing the FactSet consensus of $2.31 billion.
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