Chugai’s 2024 third quarter results beat expectations
Japanese drugmaker Chugai Pharmaceutical (TYO: 4519) has announced its financial results for the third quarter of fiscal year 2024.
Core revenue, core operating profit, and core net income at 868.5 billion yen ($5.9 billion), up 3.7%, 426.6 billion yen, up 25.3%, and 301.3 billion yen, up 20.4%, respectively (all changes year-on-year), said Chugai, which is majority owned by Swiss pharma giant Roche (ROG: SIX).
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 10%.
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