Regeneron Earnings Top, Biotech Giant Edges Higher

Regeneron Pharmaceuticals (REGN) on on Thursday reported adjusted earnings of $9.89 per share on $2.53 billion in sales for its first quarter. In response, Regeneron stock edged higher.




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On average, analysts polled by FactSet expected Regeneron to earn $8.74 per share on $2.53 billion in sales.

In the year-earlier period, Regeneron earnings were $6.60 per share and the company reported $1.83 billion in sales.

The biotech company did not provide full-year EPS or sales guidance. Analysts called for adjusted income of $46.62 per share and $12 billion in sales.

In premarket trading on the stock market today, Regeneron stock rose 0.7%.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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