BIIB Biogen Inc

   By Dave Sebastian 
 

Biogen Inc. (BIIB) said its quarterly profit gained as revenue rose.

During the quarter, the company posted net income of $1.55 billion, or $8.39 a share, compared with $1.44 billion, or $7.15 a share, in the comparable quarter last year. Analysts polled by FactSet were expecting $7.82 a share.

Excluding one-time items, earnings were $9.17 a share, compared with $7.40 a share in the prior year. Analysts expected $8.28 a share.

Revenue for the quarter rose to $3.6 billion from $3.44 billion in the prior year. Analysts expected $3.54 billion.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

October 22, 2019 07:16 ET (11:16 GMT)

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