Vertex beats estimates and adds $200 million to sales guidance

5 August 2022

US biopharma Vertex Pharmaceuticals (Nasdaq: VRTX) beat the expectations of Wall Street analysts with its sales and earnings figures for the second quarter of 2022.

The company’s quarterly revenues came in at a net total of $2.2 billion, a 22% increase on the same period of 2021 and 3% above the consensus estimate.

Adjusted diluted earnings per share were $3.60, which was in excess of the consensus and SVB Securities expectations and a 16% rise on a year ago.

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