REFILE-UPDATE 1-GSK predicts smaller fall in 2019 profit after standout quarter for Shingrix [Reuters]
GSK plc American Depositary Shares (Each representing two Ordinary Shares) (GSK)
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Source: Reuters
GSK predicts smaller fall in 2019 profit after standout quarter for Shingrix (Reuters) - GlaxoSmithKline Plc ( GSK.L Shares of the FTSE-100 member were up 2% at 1,698 pence as Chief Executive Officer Emma Walmsley outlined “another standout quarter” for the vaccine, with sales more than doubling. The quarter bode well for Walmsley’s plans to rejuvenate GSK’s operations, which has included the spin off or sale of a number of units since she took over in 2017 to focus on the company’s core pharmaceuticals business. Sales of shingles vaccine Shingrix soared to 386 million pounds in the three-month period, above analysts’ expectations of 366 million pounds. Shingrix was launched in 2017 and the British drugmaker predicts sales of the vaccine will be “significantly” more than 1 billion pounds in 2019. GSK now expects annual earnings for 2019 to decline by between 3% and 5%, an improvement from a previous forecast of a 5% to 9% fall at constant currency. The new forecast reflects improved o
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News
- GSK plc (NYSE: GSK) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $39.50 price target on the stock, down previously from $53.00.MarketBeat
- GSK plc (NYSE: GSK) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating.MarketBeat
- GSK Q3 Earnings Preview: Shingrix And Arexvy Make The Stock A 'Strong Buy' [Seeking Alpha]Seeking Alpha
- New Data for AREXVY, GSK’s Respiratory Syncytial Virus Vaccine, Show Potential to Help Protect a Broader Group of Adults at Increased Risk for RSV DiseaseBusiness Wire
- GSK Presents Positive Data for AREXVY, Its Respiratory Syncytial Virus (RSV) Vaccine, Indicating Protection Over Three RSV SeasonsBusiness Wire
GSK
Sec Filings
- 11/14/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/12/24 - Form SC
- GSK's page on the SEC website