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0.000294753389663992 0.000884260168991977 0.00471605423462374 0.00569856553350362 0.00569856553350362 0.00569856553350362 0.00569856553350362 0.00569856553350362
Stock impact report

Biotech Stock Roundup: BIIB, BMY's Q1 Earnings, INCY's Acquisition & Updates from VRTX [Yahoo! Finance]

Incyte Corporation (INCY) 
Last incyte corporation earnings: 2/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: incyte.com/ir/investor-overview.aspx
Company Research Source: Yahoo! Finance
Recap of the Week's Most Important Stories Biogen, BMY's Q1 Earnings : Biogen reported first-quarter 2024 adjusted earnings per share (EPS) of $3.67, which beat the Zacks Consensus Estimate of $3.45. Earnings rose 8% year over year, driven by savings in operating costs and margin improvements. However, revenues of $2.29 billion were down 7% year over year on both reported and constant-currency basis. The decline in revenues can be attributed to lower sales of key multiple sclerosis drugs like Tecfidera and Tysabri, as well as spinal muscular atrophy drug, Spinraza. Total revenues also missed the Zacks Consensus Estimate of $2.32 billion. Biogen reiterated its previously issued guidance for 2024. Total revenues are expected to decline by a low to mid-single-digit percentage in 2024 from the 2023 level. Core pharmaceutical revenues, comprising product sales plus Leqembi revenues, are expected to be flat year over year in 2024. Adjusted EPS is expected to be in the range of $15.00-$ Show less Read more
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