Trending: GSK Backs 2023 Guidance After 1Q Beat
April 26 2023 - 05:43AM
Dow Jones News
0913 GMT - GSK PLC is among the most mentioned companies across
news items over the past six hours, according to Factiva data,
after the company reported a first-quarter beat and backed its 2023
guidance, although earnings and sales fell on year. The British
pharma giant said that first-quarter sales were hit by lower
Covid-19 solutions sales compared with the same quarter of 2022.
Operating profit and earnings per share were lower due to the
previous year's income benefit from the Gilead settlement and
higher sales of Covid-19 treatment Xevudy. GSK's vaccine business
beat expectations by 8% and best-selling shingles vaccine Shingrix
came in line with consensus, analysts at UBS said in a note.
Company consensus is expected to remain unchanged following the
results, and shares are expected to react neutrally or slightly
positively, UBS said. Dow Jones & Co. owns Factiva.
(cecilia.butini@wsj.com)
(END) Dow Jones Newswires
April 26, 2023 05:28 ET (09:28 GMT)
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