Health Care

Regeneron Pharmaceuticals (NASDAQ:REGN) Q2 Non-GAAP Earnings, Revenue Advance

Regeneron Pharmaceuticals (NASDAQ:REGN) reported Q2 non-GAAP earnings  of $10.24 diluted share, up from $9.77 a year earlier. Analysts polled by Capital IQ expected $9.90. Revenue for the quarter ended June 30 was $3.16 billion, up from $2.86 billion a year earlier. Analysts surveyed by Capital IQ expected $3.02 billion. The company now anticipates 2023 capital expenditures in the range of $760 million to $830 million versus its previous guidance of $800 million to $900 million.

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Amgen (NASDAQ:AMGN) Q2 Non-GAAP Earnings, Revenue Increase; 2023 Guidance Boosted

Amgen (NASDAQ:AMGN) reported Q2 non-GAAP diluted earnings  of $5.00, up from $4.65 a year earlier. Analysts surveyed by Capital IQ expected $4.49. Revenue for the quarter ended June 30 was $6.99 billion, up from $6.59 billion a year earlier. Analysts surveyed by Capital IQ expected $6.68 billion. The company said it now expects fiscal 2023 non-GAAP diluted earnings of $17.80 to $18.80 per share, up from its prior guidance of $17.60 to $18.70. Analysts surveyed by Capital IQ are expecting $17.70. Revenue for the year is now projected to be in the range of $26.60 billion to $27.40 billion, the company said. That compares with its prior guidance of $26.20 billion to $27.30 billion. Analysts surveyed by Capital IQ are looking for $27.32 billion. The company also said it expects share buybacks not to exceed $500 million.

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Gilead Sciences (NASDAQ:GILD) Q2 Non-GAAP Earnings, Revenue Fall;FY2023 Outlook issued

Gilead Sciences  (NASDAQ:GILD) reported Q2 non-GAAP diluted earnings  of $1.34, down from $1.58 a year earlier. Analysts surveyed by Capital IQ expected $1.64. Revenue for the quarter ended June 30 was $6.60 billion, up from $6.26 billion a year earlier. Analysts surveyed by Capital IQ expected $6.45 billion. The company said it expects full-year 2023 non-GAAP diluted EPS of $6.45 to $6.80, down from the previous outlook of $6.60 to $7. Analysts surveyed by Capital IQ expect $6.73. The company expects product sales for the year of $26.3 billion to $26.7 billion, compared with previous outlook of $26.0 billion to $26.5 billion. Gilead said its board maintained a quarterly dividend of $0.75 per share, payable on Sept. 28 to stockholders of record on Sept. 15.

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