logo
Plus   Neg
Share
Email

Alexion Raises FY18 Outlook - Quick Facts

Alexion Pharmaceuticals, Inc. (ALXN) on Thursday raised its adjusted earnings guidance for the full year 2018 to a range of $7.00 to $7.15 per share from the prior forecast range of $6.75 to $6.90 per share.

Full-year net sales are now projected between $3.98 billion and $4.01 billion, with Soliris revenues of $3.42 billion to $3.44 billion, and Metabolic revenues of $560 million to $570 million.

Earlier, the company had projected full -year net sales to be between $3.925 billion and $3.985 billion, with Soliris revenues of $3.38 billion to $3.42 billion, and Metabolic revenues of $545 million to $565 million.

On average, analysts polled by Thomson Reuters expect earnings of $7.03 per share on revenues of $4.0 billion for the year. Analysts' estimates typically exclude special items.

Second-quarter net loss per share was $2.05, compared to net earnings per share of $0.73 in the prior year. Excluding certain items, adjusted earnings were $2.07 per share. Total revenues grew 14 percent to $1.05 billion from last year's $912.7 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lawyers for the state of Oklahoma urged a judge on Monday to hold Johnson & Johnson (JNJ) responsible for the country's opioid epidemic. Oklahoma Attorney General Mike Hunter, in his closing arguments of the eight-week trial in Cleveland County, called the pharmaceutical company the "Kingpin" behind... Pizza chain Blaze Pizza has announced plans to offer a keto-diet-approved pizza crust, which will only have 6 grams of carbs. The pizza chain will swap flour for ingredients like flaxseeds, eggs, and cheese to offer the first-ever official keto-diet approved pizza. "As the first national chain... Even as Amazon.com Inc. kicked off its Prime Day annual shopping event on Monday, employees are expressing their dissatisfaction with the company. This year's Prime Day, Amazon's biggest celebration of deals, kick-started officially on Monday with more than one million offers for Prime Members in select countries around the world. The 48-hour extravaganza is the longest Prime Day ever.
Follow RTT