Vertex's (VRTX) Q1 Earnings Beat, Trikafta Drives Sales
VRTXVertex(VRTX) Zacks Investment Research·2024-05-07 22:46

Vertex Pharmaceuticals Incorporated (VRTX) reported first-quarter 2024 adjusted earnings per share of 4.76,whichbeattheZacksConsensusEstimateof4.76, which beat the Zacks Consensus Estimate of 4.10. Earnings increased 56% year over year, driven by higher product revenues, lower costs and a lower tax rate in the quarter. The company reported total revenues of 2.69billion,comprisingcysticfibrosis(CF)productrevenues.ThefigurebeattheZacksConsensusEstimateof2.69 billion, comprising cystic fibrosis (CF) product revenues. The figure beat the Zacks Consensus Estimate of 2.56 billion. Total revenues rose 13% year over year, primarily driven by hig ...