Confident AstraZeneca gets off to a good start in 2019

26 April 2019

Brisk first quarter trading has given UK drugmaker AstraZeneca (LSE: AZN) a better-than-expected revenue figure of $5.5 billion for the first three months of 2019, up 6% from the same period last year.

Following Generally Accepted Accounting Principles (GAAP), AstraZeneca booked a profit of $1.1 billion, giving an earnings per share (EPS) figure of $0.47, a 75% increase on the first quarter of 2018.

The firm, which announced at the start of the year it had finally returned to growth, has reaped rewards from a continued focus on oncology and emerging markets, particularly China.

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