Regeneron Pharmaceuticals (REGN) reported a profit for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $808.7 million, or $7.27 per share. This compares with $722.0 million, or $6.27 per share, last year.
Excluding items, Regeneron Pharmaceuticals reported adjusted earnings of $928.4 million or $8.22 per share for the period.
Analysts on average had expected the company to earn $8.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.7% to $3.028 billion from $3.145 billion last year.
Regeneron Pharmaceuticals earnings at a glance (GAAP) :
-Earnings: $808.7 Mln. vs. $722.0 Mln. last year.-EPS: $7.27 vs. $6.27 last year.-Revenue: $3.028 Bln vs. $3.145 Bln last year.
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