Lundbeck soars on stunning 1st-qtr results

8 May 2018

The financial results of Danish CNS specialist Lundbeck (LUND: CO) showed impressive levels of growth that far outstripped the expectations of analysts and sent the company’s share price soaring on Tuesday.

Quarterly revenue rose by 9%, or 14% in local currencies, compared to the same period in 2017, with the total close to 4.59 billion Danish kroner ($730 million).

"We have realized solid revenue growth even considering headwind from exchange rates and generic erosion"

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