Sanofi misses income estimate despite Dupixent effect
French pharma major Sanofi (Euronext: SAN) was trading 4% lower late Thursday after presenting its fourth quarter and full year 2023 financial results.
Sales for the fourth quarter grew by nearly 2% to 10.92 billion euros ($11.82 billion), while adjusted operating income fell 5% to 2.58 billion euros, where 2.77 billion euros had been forecast by analyts in a poll on the company's website.
"Our R&D transformation has reached an inflection point on the road to industry leadership in immunology"
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Chairman, Sanofi Aventis UK
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