AstraZeneca quarterly product sales beat on cancer drug strength [Reuters (UK)]
AstraZeneca PLC - American Depositary Shares (AZN)
Last astrazeneca plc - american depositary shares earnings: 2/5 04:00 pm
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Source: Reuters
AstraZeneca lifts sales outlook after second quarter cancer drug boost - Reuters 2 Min Read (Reuters) - AstraZeneca Plc ( AZN.L ) forecast higher product sales for the whole of 2019 after its second-quarter results beat analysts’ expectations on Thursday, driven by sales from cancer medicines including a near doubling of those for its Tagrisso treatment. The British drugmaker has banked on oncology treatments as well as emerging markets to return it to growth after years of crumbling sales due to patent losses on older drugs. In the second quarter, sales from its oncology unit soared 57% to $2.17 billion, accounting for 38% of total product sales. Tagrisso brought in sales of $784 million. Core earnings were 73 cents per share, beating analysts’ average expectation of 61 cents per share, according to a company provided consensus. Full-year product sales are now expected to increase by a low double-digit percentage, the company said, compared to a previous forecast of high single-dig
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AZN
Sec Filings
- 4/11/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/8/24 - Form 6-K
- AZN's page on the SEC website