Shares of Gilead Sciences Inc. rose more than 5% in the extended session Thursday after the pharma company reported fourth-quarter earnings and sales above...
Shares of Gilead Sciences Inc.
rose more than 5% in the extended session Thursday after the pharma company reported fourth-quarter earnings and sales above Wall Street expectations, saying higher sales elsewhere took the sting of falling revenue for its COVID-19 drug. Gilead earned $1.6 billion, or $1.30 a share, compared with $376 million, or 30 cents a share, in the year-ago period in 2021. Adjusted for one-time items, Gilead earned $1.67 a share. Gilead’s revenue rose 2% to $7.
rose more than 5% in the extended session Thursday after the pharma company reported fourth-quarter earnings and sales above Wall Street expectations, saying higher sales elsewhere took the sting of falling revenue for its COVID-19 drug. Gilead earned $1.6 billion, or $1.30 a share, compared with $376 million, or 30 cents a share, in the year-ago period in 2021. Adjusted for one-time items, Gilead earned $1.67 a share. Gilead’s revenue rose 2% to $7.
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