Incyte's (INCY) Q2 Earnings Lag Estimates, Revenues Top
INCYIncyte(INCY) ZACKS·2024-07-30 23:10

Incyte Corporation (INCY) reported second-quarter 2024 adjusted loss of 1.82pershareagainsttheZacksConsensusEstimateofearningsof78cents.Thecompanyhadrecordedearningsof99centspershareintheyearagoquarter.Totalrevenuesinthereportedquarterwere1.82 per share against the Zacks Consensus Estimate of earnings of 78 cents. The company had recorded earnings of 99 cents per share in the year-ago quarter.Total revenues in the reported quarter were 1.04 billion, which grew 9% year over year, driven by the sustained performance of its lead drug, Jakafi (ruxolitinib), and increased sales of Opzelura (ruxolitinib) cream on strong launch and demand. The top line beat the Zacks Consensu ...