Alexion Pharmaceuticals Reports Higher Revenue, Increases Full-Year Outlook
July 24 2019 - 7:25AM
Dow Jones News
By Aisha Al-Muslim
Alexion Pharmaceuticals (ALXN) saw its revenue and earnings
increase in the latest quarter as the biopharmaceutical company had
growth driven by its U.S. launches of two drugs.
The Boston-based company reported Wednesday a profit for the
second quarter of $459.8 million, or $2.04 a share, compared with a
net loss of $457.4 million, or $2.05 a share, a year earlier.
Excluding one-time items, adjusted earnings were $2.64 a share,
above the $2.34 a share analysts polled by FactSet were looking
for.
Revenue rose 15% to $1.2 billion, above the consensus forecast
of $1.17 billion. The growth was driven by Ultomiris, a complement
inhibitor indicated for the treatment of adult patients with
paroxysmal nocturnal hemoglobinuria, and Soliris, a prescription
medicine that is used to treat adults with a disease called
generalized myasthenia gravis.
For the full year, Alexion is increasing total revenue and
earnings per share guidance.
The company is now guiding revenue of $4.75 billion to $4.8
billion, compared with its prior outlook of $4.68 billion to $4.75
billion. The company also now expects adjusted earnings of $9.65 to
$9.85, compared with the previous guidance of $9.25 to $9.45.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
July 24, 2019 07:10 ET (11:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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