French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity on Nasdaq.
For fiscal 2023, Sanofi expects business earnings per share to grow low single digit at constant exchange rates, barring unforeseen major adverse events.
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