Healthy third quarter sees Sanofi in full swing
Chief executive Paul Hudson presented an upbeat results statement for Sanofi (Euronext: SAN) Friday morning, highlighting strong performance in the third quarter of 2022 and a range of clinical developments under way.
The firm posted third quarter revenues of 12.5 billion euros ($12.4 billion), a 19.7% increase from last year and higher than most analysts’ expectations.
Net income was down 10% at 2 billion euros, following International Financial Reporting Standards (IFRS), leading to earnings per share (EPS) of 1.66 euros.
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