Regeneron second-qtr results beat expectations

1 August 2024

US biotech Regeneron Pharmaceuticals (Nasdaq: REGN) today announced financial results for the second quarter of 2024 that beat expectations, but the company’s shares dipped 1.3% to $1,065.15 by mid-morning

Regeneron reported an adjusted profit of $11.56 per share on total revenue of $3.55 billion for the quarter, above analysts' estimates of $10.61 per share and $3.38 billion, according to LSEG data.

US sales of Eylea (aflibercept) and Eylea HD, jointly developed with Germany’s Bayer (BAYN: DE) rose 2% to $1.53 billion in the reported quarter from a year earlier, above LSEG estimates of $1.47 billion.

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