Biogen (BIIB) Q2 Earnings & Sales Beat, 2024 Guidance Raised
Biogen(BIIB) ZACKS·2024-08-02 01:25
Biogen (BIIB) reported second-quarter 2024 adjusted earnings per share (EPS) of $5.28, beating the Zacks Consensus Estimate of $4.00. Earnings rose 31% year over year. Earnings benefited from the sale of one of Biogen's two priority review vouchers (PRV). Excluding PRV sales, adjusted earnings rose 18% in the quarter.Total revenues came in at $2.47 billion, flat on a reported basis and up 1% on a constant-currency basis from the year-ago quarter as lower sales of key multiple sclerosis (MS) drugs like Tecfi ...