Share Name Share Symbol Market Type Share ISIN Share Description
Glaxosmithkline Plc LSE:GSK London Ordinary Share GB0009252882 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.40 0.74% 1,410.40 1,409.80 1,410.60 1,416.20 1,399.80 1,404.40 5,600,223 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 33,754.0 6,221.0 93.9 15.0 70,943

GlaxoSmithKline 3Q Net Profit Beats Market Forecasts -- Earnings Review

28/10/2020 1:32pm

Dow Jones News

Glaxosmithkline (LSE:GSK)
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By Ian Walker


GlaxoSmithKline PLC has reported a market beating third-quarter net profit, and backed its full-year guidance. Here's what you need to know:


SALES: Sales for the quarter were 8.65 billion pounds ($11.28 billion) compared with GBP9.39 billion and a forecast of GBP8.82 billion, taken from FactSet and based on 11 analysts forecasts.


NET INCOME: Net profit was GBP1.24 billion, beating a consensus of GBP876.2 million, taken from FactSet and based on three analysts forecasts.


CORE EPS: Core EPS--a metric closely watched by analysts that strips out one-off items--came in at 35.60 pence and was up 1% on constant exchange rates. This compared with a forecast of 30.40 pence, taken from FactSet and based on 12 analysts estimates.




-GUIDANCE: Glaxo reiterated that it expects adjusted EPS to decline by between 1% and 4% at constant rates in 2020, and would be at the lower end of this range on a CER basis. JPMorgan Cazenove had expected the company to direct expectations toward the more negative end of an anticipated drop.


-CORONAVIRUS: Chief Executive Emma Walmsley said the company is "urgently advancing" possible Covid-19 solutions with its partners, and expects see data on all of these before the end of the year.


-DIVIDENDS: Glaxo kept its fourth-quarter dividend unchanged at 19 pence a share but didn't say anything about the full-year payout. It had previously said the company plans to pay an unchanged dividend of 80 pence a share for the year.


Write to Ian Walker at


(END) Dow Jones Newswires

October 28, 2020 09:17 ET (13:17 GMT)

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

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