Third quarter results show extent of decline, but Gilead promises good times ahead
Californian biotech major Gilead Sciences (Nasdaq: GILD) has shed over 1% of its share price after the company released third quarter 2017 results showing a 13% decline in revenue.
Total revenue was $6.5 billion in 2017 compared to $7.5 billion in 2016. Net income was $2.7 billion, compared to $3.3 billion, following results showing a 13% decline in revenue. generally accepted accounting principles.
That translates to an earnings per share figure of $2.06, down from $2.49 for the same period in 2016.
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