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GILD Gilead Sciences Inc

64.79
-0.54 (-0.83%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Gilead Sciences Inc NASDAQ:GILD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.54 -0.83% 64.79 64.71 64.82 65.53 64.33 65.51 7,822,721 01:00:00

Gilead Sciences Posts Higher 4Q Profit

04/02/2020 9:48pm

Dow Jones News


Gilead Sciences (NASDAQ:GILD)
Historical Stock Chart


From May 2019 to May 2024

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By Kimberly Chin

 

Gilead Sciences Inc.'s (GILD) profit rose in the latest quarter due to favorable tax benefits and an increase in net gains from equity securities.

The biopharmaceutical company said its fourth-quarter net income was $2.7 billion, compared with $3 million a year earlier. On a GAAP basis, earnings were $2.12 a share for the quarter. Excluding special items, the company posted an adjusted profit of $1.30 a share. Analysts polled by FactSet were expecting adjusted earnings of $1.67 a share.

Total revenue rose to $5.88 billion from $5.8 billion. Analysts estimated $5.72 billion in revenue.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

February 04, 2020 16:33 ET (21:33 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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