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Gilead 1st-quarter profit rises despite lower HIV drug sales


Gilead 1st-quarter profit rises despite lower HIV drug sales
Reuters
4/29/2021
April 29 (Reuters) - Gilead Sciences Inc on Thursday said its first-quarter product sales rose 16%, including $1.46 billion in sales of its COVID-19 antiviral drug remdesivir, but sales of flagship HIV and hepatitis C drugs were down due to the effects of the pandemic.
The biotech company reported adjusted earnings of $2.08 per share, edging out the average analyst estimate of $2.07 as compiled by Refinitiv. Net income rose to $1.72 billion from $1.54 billion.
The 16% rise in revenue for the quarter to $6.4 billion was still short of Wall Street estimates of $6.73 billion.
Gilead said the COVID-19 pandemic continued to hurt sales of its treatments for hepatitis C and HIV, due to fewer people going to their doctors during the pandemic. It now expects a more gradual recovery in the market starting in the current quarter. ....

United States , Deena Beasley , Gilead Sciences Inc On , Sciences Inc , Wall Street , Reporting By Deena Beasley Editing , Bill Berkrot , ஒன்றுபட்டது மாநிலங்களில் , தீனா பீஸ்லி , கிலியட் அறிவியல் இன்க் ஆன் , அறிவியல் இன்க் , சுவர் தெரு , புகாரளித்தல் வழங்கியவர் தீனா பீஸ்லி திருத்துதல் ,

Gilead first-quarter profit rises despite lower HIV drug sales


Gilead first-quarter profit rises despite lower HIV drug sales
Reuters
4/29/2021
By Deena Beasley
© Reuters/Mike Blake
FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California
By Deena Beasley
(Reuters) - Gilead Sciences Inc on Thursday said its first-quarter product sales rose 16%, including $1.46 billion in sales of its COVID-19 antiviral drug remdesivir, but sales of flagship HIV and hepatitis C drugs were down due to the effects of the pandemic.
The biotech company reported adjusted earnings of $2.08 per share, edging out the average analyst estimate of $2.07 as compiled by Refinitiv. Net income rose to $1.72 billion from $1.54 billion. ....

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