Regeneron reports consensus-beating financials

2 February 2024

Regeneron Pharmaceuticals’ (Nasdaq: REGN) shares were up 2.2% at $951.66 pre-market today, after it announced financial results for the fourth quarter and full year 2023.

Fourth quarter 2023 revenues increased 1% to $3.43 billion versus fourth quarter 2022, beating Wall Street estimates of $3.29 billion. Excluding the firm’s Covid antibody treatment REGEN-COV/Ronapreve (casirivimab and imdevimab) revenues increased 14%.

Full year 2023 revenues increased 8% to $13.12 billion versus full year 2022; excluding Ronapreve, revenues increased 12%.

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