AstraZeneca Lifts Outlook, Plans $3.5B US Investment [Yahoo! Finance]
AstraZeneca PLC - American Depositary Shares (AZN)
Last astrazeneca plc - american depositary shares earnings: 2/5 04:00 pm
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Source: Yahoo! Finance
AstraZeneca plans to invest $3.5 billion in capital to expand its U.S. research and manufacturing footprint, including $2 billion to create "more than a thousand new, high-skilled jobs contributing to the growth of the U.S. economy," it said. The pharma giant also reported higher-than-estimated top- and bottom-line third-quarter results. British drugmaker AstraZeneca ( AZN ) increased its full-year sales outlook on booming demand for its cancer and rare-disease drugs, and said it plans to invest $3.5 billion in its U.S. business by the end of 2026. The company now projects fiscal 2024 revenue and core earnings per share (EPS) to grow by a high-teens percentage, up from a mid-teens percentage. "Our company has continued on its strong growth trajectory in the first nine months of 2024," Chief Executive Officer (CEO) Pascal Soriot said, noting that the lifted guidance reflected growing demand for "medicines across oncology, biopharmaceuticals and rare disease." AstraZeneca's $
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AZN
Sec Filings
- 11/13/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- AZN's page on the SEC website