Regeneron Pharmaceuticals Inc. (REGN) reported first quarter net income of $0.90 per share Friday morning, up from $0.11 per share in the prior year. The consensus estimate was for EPS of $0.95. Revenues increased to $440 million, compared to $232 million last year. The consensus estimate was for revenues of $424.26 million.
Regeneron Pharmaceuticals gapped open higher Friday and is now up 17.87 at $266.50. The stock has climbed to a new high for the year.
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