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Stockreport

Biogen's stock rockets after earnings beat, Alzheimer's treatment heads for regulatory approval process [MarketWatch]

Biogen Inc. (BIIB)  More Company Research Source: MarketWatch
Last biogen inc. earnings: 4/22 07:12 am Check Earnings Report
US:NASDAQ Investor Relations: biogen.com/en_us/investors.html
Biogen's stock rockets after earnings beat, Alzheimer's treatment heads for regulatory approval process Shares of Biogen Inc. BIIB, +1.57% rocketed 35% in premarket trading Tuesday, after the biotechnology company reported third-quarter profit and revenue that beat expectations and said it would pursue regulatory approval of its Alzheimer's treatment. Net income rose to $1.55 billion, or $8.39 a share, from $1.44 billion, or $7.15 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to $9.17 from $7.40 to beat the FactSet consensus of $8.28. Revenue grew 5% to $3.60 billion, above the FactSet consensus of $3.54 billion. Revenue for Tecfidera, Biogen's biggest seller, increased 3% to $1.12 billion to match expectations. Earlier, the company said a phase 3 trial of aducanumab, an investigational treatment for Alzheimer's, met its primary endpoint, and as a results, the company said it will pursue regulatory approval. The stock has lost 25.7% year to date [Read more]
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Stockreport

Biogen's stock rockets after earnings beat, Alzheimer's treatment heads for regulatory approval process [MarketWatch]

Biogen Inc.  (BIIB) 
More Company Research Source: MarketWatch
Last biogen inc. earnings: 4/22 07:12 am Check Earnings Report
US:NASDAQ Investor Relations: biogen.com/en_us/investors.html
Biogen's stock rockets after earnings beat, Alzheimer's treatment heads for regulatory approval process Shares of Biogen Inc. BIIB, +1.57% rocketed 35% in premarket trading Tuesday, after the biotechnology company reported third-quarter profit and revenue that beat expectations and said it would pursue regulatory approval of its Alzheimer's treatment. Net income rose to $1.55 billion, or $8.39 a share, from $1.44 billion, or $7.15 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to $9.17 from $7.40 to beat the FactSet consensus of $8.28. Revenue grew 5% to $3.60 billion, above the FactSet consensus of $3.54 billion. Revenue for Tecfidera, Biogen's biggest seller, increased 3% to $1.12 billion to match expectations. Earlier, the company said a phase 3 trial of aducanumab, an investigational treatment for Alzheimer's, met its primary endpoint, and as a results, the company said it will pursue regulatory approval. The stock has lost 25.7% year to date [Read more]
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BIIB
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%
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Performance comparison Updated
EVENT DAY
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NEWS EVENT
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Multi-day stock performance from the time of the news release
LAST PRICE
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MAX DOWN
Low:
%
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%
PRICE CHANGE
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%
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%
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TICKS
AVG SHARES PER TRADE
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PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS