Regeneron beats forecasts as Eylea sales rocket
US biotech firm Regeneron Pharmaceuticals (Nasdaq: REGN) today posted third-quarter 2015 financials, showing that revenue came in at $1.14 billion in the period, a rise of 57%, exceeding seven analysts surveyed by Zacks Investment Research expectations of $1.06 billion.
Third-quarter profit of $210.4 million, or $1.82 per share, more than doubled. Earnings, adjusted for stock option expense and pretax expenses, came to $3.47 per share. The average estimate of 11 analysts surveyed by Zacks was for earnings of $3.11 per share. Notwithstanding the better-than-expected results Regeneron’s shares were down 3.75% at $556.33 by mid-morning New York trading.
Eylea performance
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