GSK beats sales estimate and ups EPS guidance

27 October 2021

UK drugmaker GlaxoSmithKline (LSE: GSK) reported sales for the third quarter of £9.08 billion ($12.47), an increase of 5% on the same period in 2020 and ahead of the £8.7 billion predicted by analysts.

Pharmaceutical revenue was up 5% at £4.4 billion, with sales from the oncology, immuno-inflammation and respiratory product areas all up by more than 30%. Sales from GSK’s Vaccines unit jumped by 7.7% to £2.2 billion.

"Double-digit sales growth in Pharmaceuticals and Vaccines"The Consumer Healthcare division, which will split from GSK in a de-merger planned for mid-2022, delivered quarterly sales of £2.5 billion, a 3% rise.

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