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Gilead quarterly profit falls on COVID sales drop, legal settlement charge

(Reuters) -Gilead Sciences on Thursday reported lower second-quarter profit as costs from a legal settlement and sharply lower sales of its COVID-19 treatment offset another strong performance by HIV drugs. The drugmaker raised its full-year revenue forecast, even as it trimmed its estimate for COVID antiviral Veklury due to lower pandemic-related hospitalizations. Gilead reported second-quarter earnings of $1.34 per share excluding items, on total revenue of $6.6 billion, down from $1.58 a sh...
United States Deena Beasley Gilead Sciences On Wall Street Reporting By Deena Beasley Michael Erman
Source: yahoo.com

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