(Adds Outlook, Non-GAAP Earnings)
While reporting its results for the second quarter, Gilead Sciences Inc. (GILD) revised its outlook for the full-year 2024.
The company now expects earnings of breakeven per share to $0.30 per share and adjusted earnings of $3.60 to $3.90 per share. Previously, the company expected earnings of $0.10 to $0.50 per share and adjusted earnings of $3.45 to $3.85 per share.
Analysts polled by Thomson Reuters currently expect earnings of $3.75 per share.
Q2 Results:
The company's bottom line totaled $1.614 billion or $1.29 per share. This compares with $1.045 billion, or $0.83 per share, in last year's second quarter.
Adjusted earnings for the quarter were $2.01 per share, compared to $1.34 per share last year. Analysts on average had expected the company to earn $1.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.4% to $6.954 billion from $6.599 billion last year.
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