Regeneron's 2nd-qtr results beat estimates

2 August 2018

US biotech Regeneron Pharmaceuticals (Nasdaq: REGN) posted second-quarter 2018 financials before the market opened, showing that total revenues increased 9% to $1.61 billion, surpassing the Zacks Consensus Estimate by 1.98%.

The company’s shares moved up 3.50% to $384.00in early trading.

Second quarter 2018 generally accepted accounting principles (GAAP) net income per diluted share increased by 44% to $4.82 versus second quarter 2017. Non-GAAP net income per diluted share increased 31% to $5.45 versus second quarter 2017, beating the Zacks Consensus Estimate of $4.74 per share.

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