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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 |
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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