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Incyte Corporation Q4 Profit Increases, but misses estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Incyte Corporation (INCY) reported earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line came in at $201.08 million, or $0.89 per share. This compares with $28.46 million, or $0.13 per share, in last year's fourth quarter.

Excluding items, Incyte Corporation reported adjusted earnings of $239.12 million or $1.06 per share for the period.

Analysts on average had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.0% to $1.01 billion from $926.70 million last year.

Incyte Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $201.08 Mln. vs. $28.46 Mln. last year.
-EPS (Q4): $0.89 vs. $0.13 last year.
-Analyst Estimate: $1.16
-Revenue (Q4): $1.01 Bln vs. $926.70 Mln last year.

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