REFILE-UPDATE 1-GSK predicts smaller fall in 2019 profit after standout quarter for Shingrix [Reuters]
GSK plc American Depositary Shares (Each representing two Ordinary Shares) (GSK)
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Source: Reuters
GSK predicts smaller fall in 2019 profit after standout quarter for Shingrix (Reuters) - GlaxoSmithKline Plc ( GSK.L Shares of the FTSE-100 member were up 2% at 1,698 pence as Chief Executive Officer Emma Walmsley outlined “another standout quarter” for the vaccine, with sales more than doubling. The quarter bode well for Walmsley’s plans to rejuvenate GSK’s operations, which has included the spin off or sale of a number of units since she took over in 2017 to focus on the company’s core pharmaceuticals business. Sales of shingles vaccine Shingrix soared to 386 million pounds in the three-month period, above analysts’ expectations of 366 million pounds. Shingrix was launched in 2017 and the British drugmaker predicts sales of the vaccine will be “significantly” more than 1 billion pounds in 2019. GSK now expects annual earnings for 2019 to decline by between 3% and 5%, an improvement from a previous forecast of a 5% to 9% fall at constant currency. The new forecast reflects improved o
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Sec Filings
- 4/24/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- GSK's page on the SEC website