Historical Stock Chart
6 Months : From May 2019 to Nov 2019
By Anthony Shevlin
Sanofi SA (SAN.FR) said Monday that it posted a loss in the second quarter, in part due to restructuring costs, but that it is confident in its growth outlook for the year and thus raised its full-year business earnings per share guidance.
Net loss in the second quarter was 87 million euros ($96.8 million) compared with a profit of EUR762 million the year prior.
Sales for the period rose 5.5% to EUR8.63 billion.
Business net income, the company's term for adjusted income excluding the impact of acquisitions and divestments, rose to EUR1.64 billion from EUR1.56 billion last year.
Sanofi raised its full-year business EPS guidance and now expects it to grow around 5%.
Sanofi Chief Executive Olivier Brandicourt said the company is confident in its growth outlook for the year.
Write to Anthony Shevlin at email@example.com; @anthony_shevlin
(END) Dow Jones Newswires
July 29, 2019 02:01 ET (06:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.