Regeneron beats expectations on fourth-quarter 2018 results
US biotech Regeneron Pharmaceuticals (Nasdaq: REGN) today released financial results, showing that fourth quarter 2018 revenues were $1.93 billion, an increase of 22%. Full-year revenues were $6,711 billion, up 14%.
Fourth quarter 2018 generally accepted accounting principles (GAAP) diluted earnings per share (EPS) were $7.15, and non-GAAP diluted EPS was $6.84. Full year 2018 GAAP diluted EPS was $21.29, and non-GAAP diluted EPS was $22.84.
The consensus of analysts polled by Zacks Investment Research expected fourth-quarter adjusted earnings of $5.69 per share on $1.71 billion in revenue. Regeneron’s shares rose 3.3% to $435 before the market opened.
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