Sanofi ups earnings estimate again after forecast-topping quarter

28 October 2021

French drugmaker Sanofi (Euronext: SAN) has beaten forecasts with its third-quarter 2021 earnings figures.

The Paris-based firm’s sales in the three months to September grew 10.1% to 10.4 billion euros ($12.1 billion), with earnings per share (EPS) of 2.18 euros, above the 1.99 euros average forecast in an analyst consensus provided by the company.

Sanofi now expects EPS to grow by around 14% at constant exchange rates (CER) this year, up from an already improved estimate for 12% growth that was issued in July.

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Chairman, Sanofi Aventis UK