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REGN Regeneron Pharmaceuticals Inc

1,094.99
12.88 (1.19%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Regeneron Pharmaceuticals Inc NASDAQ:REGN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.88 1.19% 1,094.99 1,056.35 1,100.00 1,100.08 1,079.0855 1,087.89 282,365 01:00:00

Regeneron Posts Higher Profits Led By Treatment Advances

06/11/2018 12:42pm

Dow Jones News


Regeneron Pharmaceuticals (NASDAQ:REGN)
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From Jul 2019 to Jul 2024

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   By Kimberly Chin 
 

Regeneron Pharmaceuticals Inc. (REGN) posted a 53% profit in the third quarter as it made breakthroughs in several of its treatments.

The company reported net income of $594.7 million, or $5.17 a share, compared with $388.3 million, or $3.32 a share, a year earlier. Analysts polled by Refinitiv were expecting $4.44 a share.

On an adjusted basis, Regeneron posted earnings of $5.87 a share, topping the $5.13 a share expected by analysts.

Regeneron said revenue rose 11% to $1.66 billion, driven in part by 7% growth in sales of its Eylea chemotherapy treatment.

For the year, Regeneron lowered its expectations of sales from its Sanofi collaboration to a range of $430 million to $455 million, from $455 million to $485 million as previously targeted.

 

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

 

(END) Dow Jones Newswires

November 06, 2018 07:27 ET (12:27 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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