Incyte Corp. (INCY) on Tuesday reported net income of $158.20 million or $0.80 per share for the first quarter, lower than $169.55 million or $0.75 per share in the prior-year quarter.
Excluding items, adjusted net income for the quarter was $1.16 per share, compared to $0.58 per share in the year-ago quarter.
Total revenues for the quarter rose 20 percent to $1.05 billion from $880.89 million in the same quarter last year.
On average, analysts polled expected the company to report earnings of $1.05 per share on revenues of $997.62 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2025, Incyte now projects Jakafi net product revenue in a range of $2.95 billion to $3.00 billion, up from the prior forecast range of $2.925 billion to $2.975 billion.
Opzelura net product revenues are still expected between $630 million and $670 million, and other Hematology/Oncology net product revenues are also still projected between $415 million and $455 million.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.