logo
  

Sanofi Reports Lower Profit For Q2 While Sales Increase

Sanofi (SNYNF) on Thursday reported income before tax and associates and joint ventures of 1.355 billion euros in the second quarter, lower than 1.463 billion euros in the same quarter a year ago.

Net income in the quarter decreased to 1.175 billion euros or 0.94 euros per share from 1.198 billion euros or 0.96 euros per share in the same quarter a year ago.

Excluding one-time items, business net income was 2.17 billion euros or 1.73 euros per share.

Net sales for the quarter increased to 10.116 billion euros from 8.744 billion euros in the same quarter a year ago.

Looking forward, Sanofi now expects 2022 business EPS to grow approximately 15% at constant exchange rates. For 2021, business EPS was 6.56 euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022. Pool and Spa drain covers imported to the United States by various companies have been recalled due to violation of the Virginia Graeme Baker Pool and Spa Safety Act, the U.S. Consumer Product Safety Commission announced. The various recalls include pool and spa drain covers manufactured in China and sold exclusively at Amazon.com for different prices ranging from $10 to $12.
Follow RTT