AstraZeneca raises guidance for sales but not earnings

29 July 2022

Anglo-Swedish drugmaker AstraZeneca (LSE: AZN) was trading nearly 1% lower in London trading early on Friday afternoon after presenting its latest financial results.

The company’s total revenue for the second quarter of 2022 came in at $10.77 billion, a 31% increase on the same period of 2021 and well above the average analyst estimate for $8.7 billion.

Sales from AstraZeneca’s $39 billion buy of rare diseases company Alexion are included in this year’s figures, explaining the dramatic rise since 12 months ago.

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