Celgene tops earnings estimates in latest quarter [MarketWatch]
CELGENE (CELG)
Last celgene earnings: 10/31 07:30 am
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Source: MarketWatch
Celgene tops earnings estimates in latest quarter Celgene Corp. CELG, +0.82% said Thursday it had net income of $1.691 billion, or $2.32 a share, in the third quarter, up from $1.082 billion, or $1.50 a share, in the year-earlier period. Adjusted per-share earnings came to $2.99, ahead of the $2.70 FactSet consensus. Revenue rose to $4.520 billion from $3.892 billion, also ahead of the FactSet consensus of $4.412 billion. "We are continuing to advance multiple high-potential medicines toward regulatory approvals and look forward to closing the Bristol-Myers Squibb transaction by the end of the year," Chief Executive Mark Alles said in a statement. Celgene and Bristol-Myers BMY, +1.97% announced their merger in January. The company said sales of its revlimid treatment for cancer rose 13% to $2.770 billion in the quarter. Sales of psoriasis treatment Otezla rose 27% to $547 million and sales of Abraxane, a treatment for breast cancer, lung cancer and pancreatic cancer rose 10% to
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