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Incyte Q4 Adj EPS Misses Estimates, But Revenues Top

RTTNews | vor 638 Tagen

Incyte Q4 Adj EPS Misses Estimates, But Revenues Top

(RTTNews) - Incyte Corp. (INCY) on Tuesday reported net income of $201.10 million or $0.89 per share for the fourth quarter, sharply higher than $28.46 million or $0.13 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $1.06 per share, compared to $0.62 per share in the year-ago quarter.

Total revenues for the quarter rose 9 percent to $1.01 billion from $926.70 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.16 per share on revenues of $1.0 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, Incyte now projects Jakafi net product revenue in a range of $2.69 billion to $2.75 billion. Other Hematology/Oncology net product revenues are projected between $325 million and $360 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: INCY

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Incyte Says FDA Issued CRL For Ruxolitinib Extended-release Tablets

Incyte Says FDA Issued CRL For Ruxolitinib Extended-release Tablets

Incyte Corp. (INCY) announced Friday that the U.S. Food and Drug Administration (FDA) has issued a complete response letter for ruxolitinib extended-release (XR) tablets, a JAK1/JAK2 inhibitor, for once-daily (QD) use in the treatment of certain types of myelofibrosis (MF), polycythemia vera (PV) and graft-versus-host disease (GVHD).

RTTNews | vor 964 Tagen

Incyte Q1 Results Top Estimates

Incyte Q1 Results Top Estimates

Incyte Corp. (INCY) on Tuesday reported net income of $161.43 million or $0.72 per share for the first quarter, up from $149.46 million or $0.67 per share in the prior-year quarter.

RTTNews | vor 1198 Tagen

Bay Street May Open On Positive Note Again

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.

RTTNews | vor 4Std 5 Minuten

FTSE 100 Pares Early Gains; SSE Soars 12%

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.

RTTNews | vor 5Std 23 Minuten

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.

RTTNews | vor 6Std 21 Minuten

DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.

RTTNews | vor 6Std 47 Minuten

Sensex, Nifty Surge On Trade Deal Hopes; IT Stocks Lead Gains

Sensex, Nifty Surge On Trade Deal Hopes; IT Stocks Lead Gains

Indian shares rose notably on Wednesday, with U.S. shutdown resolution and growing optimism over a potential trade deal with the United States boosting sentiment.

RTTNews | vor 7Std 45 Minuten

Yen Falls After Japan PM Takaichi Comments

Yen Falls After Japan PM Takaichi Comments

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.

RTTNews | vor 8Std 46 Minuten

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