Lundbeck shares slide as earnings dip

17 August 2022

CNS specialist Lundbeck (LUND: CO) was trading 12% lower by mid-afternoon Wednesday after presenting its financial results for the first half of the year.

The Danish company reported core revenue for the first six months of 2022 of 8.85 billion Danish kroner ($1.21 billion), a 7% rise on the same period in 2021.

However, core earnings before interest and taxes were 2.07 billion kroner, a 3% decrease, while earnings per share dropped by 9% to 0.92 kroner.

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