Regeneron Pharmaceuticals Inc. ‘s stock slid 4% premarket Thursday, after the company topped estimates for first-quarter earnings but lowered margin guidance...
Regeneron Pharmaceuticals Inc. ‘s stock REGN slid 4% premarket Thursday, after the company topped estimates for first-quarter earnings but lowered margin guidance for 2023. The Tarrytown, N.Y.-based drug company had net income of $818 million, or $7.17 a share, for the quarter, down from $974 million, or $8.61 a share, in the year-earlier period. Adjusted EPS came to $10.09, ahead of the $9.52 FactSet consensus. Revenue rose 7% to $3.162 billion from $2.965 billion, also ahead of the $3.
‘s stock REGN slid 4% premarket Thursday, after the company topped estimates for first-quarter earnings but lowered margin guidance for 2023. The Tarrytown, N.Y.-based drug company had net income of $818 million, or $7.17 a share, for the quarter, down from $974 million, or $8.61 a share, in the year-earlier period. Adjusted EPS came to $10.09, ahead of the $9.52 FactSet consensus. Revenue rose 7% to $3.162 billion from $2.965 billion, also ahead of the $3.000 billion FactSet consensus. U.S.
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