Regeneron rises as revenue and earnings exceed estimates

8 November 2017

Better-than-expected third-quarter financial results at Regeneron Pharmaceuticals (Nasdaq: REGN) sent its share price up by 1%, to $408.75, in after four hours of trading on Wednesday.

Wall Street estimates were for the US biotech’s revenue for the quarter to hit $1.46 billion but this came in at $1.5 billion, a 23% rise on the same period in 2016.

Regeneron reported adjusted income of $3.99 per share, above analysts’ predicted $3.85 and 27.5% higher than a year ago.

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