Gilead Sciences Likely to Post Lower 3Q Profit -- Earnings Preview

Date : 10/24/2019 @ 12:27AM
Source : Dow Jones News
Stock : Gilead Sciences Inc (GILD)
Quote : 67.08  0.0 (0.00%) @ 11:49AM

Gilead Sciences Likely to Post Lower 3Q Profit -- Earnings Preview

Gilead Sciences (NASDAQ:GILD)
Historical Stock Chart

2 Months : From Oct 2019 to Dec 2019

Click Here for more Gilead Sciences Charts.

By Kimberly Chin


Gilead Sciences Inc. (GILD) is scheduled to report results for its fiscal third quarter postmarket on Thursday. Here's what you need to know:

EARNINGS FORECAST: Analysts on average expect an adjusted profit of $1.74 a share, compared with $1.84 a share in the same quarter a year ago, according to a FactSet poll. Gilead Sciences will hold its investor call at 4:30 p.m. ET.

REVENUE FORECAST: Analysts expect $5.61 billion, per FactSet, roughly flat from a year ago. In July, Gilead Sciences raised the high end of its sales target by $300 million for the year.


GALAPAGOS COLLABORATION: In July, the company said will pay about $5.1 billion to boost its stake in Galapagos NV (GLPGF) to 22%. The move, which represents the companies' second collaboration, also helps Gilead develop and market Galapagos drugs outside Europe.

BIKTARVY: HIV-drug Biktarvy, which is one of the most prescribed HIV regimens in the U.S., helped boost sales in the company's previous quarter. Sales rose to $1.12 billion in the second quarter from $185 million last year.


Write to Kimberly Chin at


(END) Dow Jones Newswires

October 23, 2019 20:12 ET (00:12 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest GILD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.