GSK beats estimates to give CEO breathing space
Leading UK drugmaker GlaxoSmithKline (LSE: GSK) has beaten both sales and earnings estimates with its latest financial results.
GSK’s revenue for the second quarter of 2021 was £8.1 billion ($11.24 billion), where the average analyst estimate was £7.6 billion, a year-on-year rise of 6%.
"We expect this positive momentum to continue through the second half of the year"Adjusted earnings per share rose 46% to £0.28, which again was higher than the consensus forecast. Total operating profit was £1.68 billion.
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