logo
Share SHARE
FONT-SIZE Plus   Neg

Alexion Pharmaceuticals Q4 Profit Rises - Quick Facts

Alexion Pharmaceuticals Inc. (ALXN: Quote) reported fourth-quarter GAAP net income of $81.0 million, or $0.40 per share up from $48.2 million, or $0.25 per share in the year ago quarter.

Non-GAAP net income for the quarter was $122.3 million, or $0.60 per share, compared to non-GAAP net income of $80.5 million, or $0.41 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.

Net product sales of Soliris (eculizumab) was $320.5 million, compared to $227.6 million for the same period in 2011. Twenty analysts had consensus revenue estimate of $316.49 million for the quarter.

The year-on-year increase in net product sales of 41 percent reflected steady additions of new patients with paroxysmal nocturnal hemoglobinuria (PNH) globally, and an increasing number of new patients with atypical Hemolytic Uremic Syndrome (aHUS) commencing Soliris treatment.

In 2013, worldwide net product sales are expected to be within a range of $1.490 billion to $1.505 billion. On a non-GAAP basis, R&D expenses are expected to be in the range of $285 to $295 million, and SG&A expenses in the range of $425 to $435 million.. Based on a forecast of approximately 205 million diluted shares outstanding, Alexion is providing guidance of $2.82 to $2.92 for non-GAAP earnings per share for the year.

Analysts expect the company to report earnings of $2.81 per share on revenues of $1.49 billion for fiscal 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT