Lundbeck sails through strong second quarter and raises forecast again

9 August 2017

Strong second quarter results were posted by Danish CNS specialist Lundbeck (LUND: CO) today, with revenue of 4.3 billion Danish kroner ($663 million), a touch higher than the Financial Times’ consensus forecast of 4.17 billion kroner.

Investors had been expecting a positive result and the stock opened higher before dropping back 3% by mid-afternoon in Copenhagen.

Following generally accepted accounting principles, the earnings per share figure for the period stands at 3.08 kroner, almost triple the 1.18 kroner reported for the same period last year. The profit figure was 1.05 billion kroner, up from 469 million kroner.

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