Biogen (BIIB) Q1 Earnings Beat, Stock Up on Alzheimer Drug Uptake [Yahoo! Finance]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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biogen.com/en_us/investors.html
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Source: Yahoo! Finance
Earnings rose 8% year over year, driven by savings in operating costs and margin improvements. On a constant-currency basis, earnings were flat. Total revenues came in at $2.29 billion, down 7% on both reported basis and constant-currency basis from the year-ago quarter due to lower sales of key multiple sclerosis (MS) drugs like Tecfidera and Tysabri as well as spinal muscular atrophy (SMA) drug, Spinraza. Sales missed the Zacks Consensus Estimate of $2.32 billion. Product sales in the quarter were $1.71 billion, down 3% year over year. Revenues from anti-CD20 therapeutic programs declined 1% to $394.0 million. The revenues include royalties on sales of Roche's Ocrevus and Biogen's share of Roche's drugs, Rituxan, Gazyva and Lunsumio. Contract manufacturing and royalty revenues declined 39% in the quarter to $184.6 million. Contract manufacturing and royalty revenues include Biogen's 50% share of revenues (including royalties) from the Leqembi collaboration with Eisai and reven
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BIIB
News
- Biogen Inc. (NASDAQ: BIIB) had its price target raised by analysts at HSBC Holdings plc from $339.00 to $342.00. They now have a "buy" rating on the stock.MarketBeat
- Biogen Reports Progress on Corporate Responsibility Priorities [Yahoo! Finance]Yahoo! Finance
- Biogen Reports Progress on Corporate Responsibility PrioritiesGlobeNewswire
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Biogen: Reasons To Be Cheerful After Upbeat Q1 Earnings [Seeking Alpha]Seeking Alpha
BIIB
Earnings
- 4/25/24 - Beat
BIIB
Sec Filings
- 5/3/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- BIIB's page on the SEC website