Why Gilead Sciences Stock Dropped Today
GILDGilead(GILD) The Motley Fool·2024-02-08 04:48

Shares of Gilead Sciences (GILD -3.91%) are down 3.7% as of 3:30 p.m. ET Wednesday after the biopharmaceuticals giant announced mixed quarterly results relative to Wall Street's expectations.Why Gilead's "strong" year wasn't enoughGilead's fourth-quarter 2023 revenue declined 3.7% year over year to $7.115 billion, translating to non-GAAP (adjusted) net income of $1.72 per share (up from $1.67 per share in the same year-ago period). Analysts, on average, were expecting higher adjusted earnings of $1.76 per s ...