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Stock impact report

UPDATE 1-Celgene's third-quarter results beat as Otezla sales soar [Reuters]

CELGENE (CELG) 
Last celgene earnings: 10/31 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.celgene.com
Company Research Source: Reuters
UPDATE 1-Celgene's third-quarter results beat as Otezla sales soar | Reuters 2 Min Read (Adds full-year forecast, details on Q3 drug sales, compares with estimates) Oct 25 (Reuters) - Celgene Corp on Thursday reported a better-than-expected third-quarter profit as sales of psoriasis drug Otezla and its flagship cancer medicine Revlimid surged, and the biotech company raised its full-year revenue forecast. Sales of Otezla rose 40.3 percent to $432 million in the third quarter, well above of the average analyst estimate of $383.31 million, according to Refinitiv data. Sales of Celgene’s blockbuster Revlimid, which treats the blood cancer multiple myeloma, rose nearly 18 percent to $2.45 billion, but slightly below analysts’ estimates of $2.47 billion. Celgene raised its 2018 forecast for revenue to $15.2 billion from $15 billion. Excluding one-time items, Celgene earned $2.29 per share in the quarter, above Wall Street expectations of $2.22 per share. The U.S. biotech company said net i Show less Read more
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