Sanofi (SNY)

Re: Sanofi (SNY)

Postby winston » Sat Apr 29, 2017 12:53 pm

Sanofi beats 1Q profit forecasts

PARIS (AP) _ Sanofi (SNY) on Friday reported first-quarter earnings of $6.07 billion.

On a per-share basis, the Paris-based company said it had profit of $2.41.

Earnings, adjusted for non-recurring gains, were 76 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The drugmaker posted revenue of $9.21 billion in the period.

Sanofi shares have increased 17 percent since the beginning of the year. The stock has increased slightly more than 8 percent in the last 12 months.

Source: AP
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