Gilead Sciences Profit Grows 6 Percent in Q4
Gilead Sciences Inc.'s profit grew 6 percent in the fourth quarter on greater sales of its HIV drugs including Atripla.
US biopharmaceutical company Gilead Sciences Inc.'s profit grew 6 percent in the fourth quarter on greater sales of its HIV drugs including Atripla.
Gilead said last week that its profit rose to $665.1 million, or 87 cents per share, from $629.4 million, or 76 cents per share, one year ago. Excluding acquisition, restructuring, and stock-based compensation expenses, Gilead said it earned 97 cents per share, far short of analyst estimates for $1.05.
Revenue grew 10 percent, to $2.2 billion from $2 billion. Analyst expected $2.18 billion.
The company said its antiviral drug sales rose 9 percent to $1.86 billion. Sales of Atripla grew 11 percent to $863.3 million. Sales of Viread held st
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