ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

AZN Astrazeneca Plc

12,050.00
-106.00 (-0.87%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Astrazeneca Plc LSE:AZN London Ordinary Share GB0009895292 ORD SHS $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -106.00 -0.87% 12,050.00 12,036.00 12,038.00 12,178.00 12,010.00 12,092.00 1,635,146 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 45.81B 5.96B 3.8415 31.34 186.61B

AstraZeneca Beats Expectations, China Momentum Continues -- Earnings Review

24/10/2019 2:09pm

Dow Jones News


Astrazeneca (LSE:AZN)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Astrazeneca Charts.

By Carlo Martuscelli

 

AstraZeneca PLC (AZN.LN) reported results for the third quarter on Thursday. Here's what we looked at:

 

SALES: The British drug maker said sales in the quarter totaled $6.41 billion, ahead of analyst forecasts of $6.13 billion.

 

CORE EPS: Core earnings per share, a company metric looked at by analysts, was 99 cents, slightly exceeding market consensus expectations of 97 cents.

 

WHAT WE WATCHED:

 

TAGRISSO: Cancer drug Tagrisso confirmed its place as a key revenue driver for the company, accounting for 13% of its total sales. The drug generated $891 million in the quarter--which Shore Capital says is a 4% beat to analyst consensus expectations. The performance of the oncology portfolio overall was strong, with sales increasing by 48% at constant exchange rates.

 

CHINA: The FTSE 100-listed company's performance in China didn't seem to be losing steam despite earlier warnings by Chief Executive Pascal Soriot. Astra said that sales in the region increased by 40% excluding currency effects. Shore Capital said that it expects investors will react well to the drug maker's strength in emerging markets.

 

CASH FLOW: Earlier in the year, analysts had highlighted cash flow as one issue facing the company, particularly after a large deal to acquire part of the rights to the cancer asset DS-8201, but these seem to have abated. "Cash is the lifeblood of any company, so it is particularly encouraging to see such a strong performance here with the best part of a $1 billion inflow in the period after capital expenditure," says AJ Bell.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

October 24, 2019 08:54 ET (12:54 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Astrazeneca Chart

1 Year Astrazeneca Chart

1 Month Astrazeneca Chart

1 Month Astrazeneca Chart

Your Recent History

Delayed Upgrade Clock