Health Care

Vertex Pharmaceuticals (NASDAQ:VRTX) Q2 Adjusted Profit, Revenue Increase; Lifts 2023 Revenue Outlook

Vertex Pharmaceuticals (NASDAQ:VRTX) reported Q2 adjusted net income  of $3.89 per diluted share, up from $3.60 a year earlier. Analysts polled by Capital IQ expected $3.88. Revenue for the quarter ended June 30 was $2.49 billion, up from $2.2 billion a year earlier. Analysts surveyed by Capital IQ forecast $2.42 billion. The biotech firm said it now expects fiscal 2023 revenue of $9.7 billion to $9.8 billion, up from $9.55 billion to $9.7 billion previously. Analysts polled by Capital IQ are looking for $9.75 billion.

Vertex Pharmaceuticals (NASDAQ:VRTX) Q2 Adjusted Profit, Revenue Increase; Lifts 2023 Revenue Outlook Read Post »

Merck (NYSE:MRK) Swings to Q2 Loss; Raises Guidance Range for 2023 Revenue

Merck (NYSE:MRK) reported a Q2 non-GAAP loss of $2.06 per share, down from EPS of $1.87 a year ago. Analysts polled by Capital IQ expected a loss of $2.18. Sales for the quarter ended June 30 were $15.04 billion, up from $14.59 billion a year earlier. Analysts surveyed by Capital IQ expected $14.44 billion. The company said it now expects 2023 non-GAAP EPS of $2.95 to $3.05, compared with the prior estimate of $6.88 to $7. Analysts surveyed by Capital IQ expect $2.92. The company now expects 2023 sales to be between $58.6 billion to $59.6 billion, compared with the previous projection of $57.7 billion to $58.9 billion. Analysts polled by Capital IQ expect $58.65 billion.

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Centene (NYSE:CNC) Q2 Adjusted Earnings, Revenue Increase; Updates 2023 Outlook

Centene (NYSE:CNC) reported Q2 adjusted earnings Friday of $2.10 per diluted share, up from $1.77 per share a year earlier. Analysts polled by Capital IQ estimated adjusted EPS of $2.05. Revenue for the quarter ended June 30 was $37.61 billion, compared with $35.94 billion a year earlier. Analysts surveyed by Capital IQ expected $36.54 billion. The company said it expects 2023 adjusted EPS of at least $6.45, up from the previous outlook of $6.40. Analysts polled by Capital IQ expect adjusted EPS of $6.47. Revenue for the year is projected to be $147.3 billion to $149.3 billion, compared with the prior guidance of $144.5 billion to $146.5 billion. Analysts polled by Capital IQ expect $146.43 billion.

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