Exelixis, Inc. (EXEL) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $159.62 million, or $0.55 per share. This compares with $37.32 million, or $0.12 per share, last year.
Excluding items, Exelixis, Inc. reported adjusted earnings of $179.55 million or $0.62 per share for the period.
Analysts on average had expected the company to earn $0.44 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 30.6% to $555.45 million from $425.23 million last year.
Exelixis, Inc. earnings at a glance (GAAP) :
-Earnings: $159.62 Mln. vs. $37.32 Mln. last year.
-EPS: $0.55 vs. $0.12 last year.
-Revenue: $555.45 Mln vs. $425.23 Mln last year.
-Guidance:
Full year revenue guidance: $2.25 - $2.35 Bln
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