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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Shire | LSE:SHP | London | Ordinary Share | JE00B2QKY057 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4,690.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
By Denise Roland
Shire PLC (SHP.LN)said earnings and revenue climbed in the first quarter thanks to strong sales of several rare disease medicines and its blockbuster pill for attention-deficit hyperactivity disorder, or ADHD.
The Dublin-based drug maker said net income rose 2% to $419 million in the three months to March 31, from $410 million a year earlier. Revenue climbed 15% to $1.71 billion from $1.49 billion last year. Analysts expected net income of $487 million and revenue of $1.7 billion.
Non GAAP operating income, a measure which strips out one-time gains or impairments, increased 17% to $797 million.
The strong dollar cut into Shire's results. Stripping out the effect of currency movements, revenue increased 17% and non GAAP operating income rose 16%.
Contact Denise Roland at denise.roland@wsj.com
(END) Dow Jones Newswires
April 29, 2016 07:43 ET (11:43 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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