MW Biogen's soft guidance and a decline in sales at MS portfolio weigh
Biogen Inc.'s stock $(BIIB)$ fell 0.6% early Wednesday, after the biotech beat fourth-quarter earnings estimates but offered guidance that lagged consensus.
Cambridge, Mass.-based Biogen had per-share earnings of $1.83 for the quarter, up from $1.71 a year ago. Adjusted for one-time items, EPS came to $3.44, ahead of the $3.35 FactSet consensus.
Revenue rose 3% to $2.455 billion and was also ahead of the $2.408 billion FactSet consensus.
Sales of the company's Alzheimer's disease treatment Leqembi came to about $87 million, ahead of the $67 million FactSet consensus. But sales of the core multiple sclerosis portfolio fell 7% to $1.070 billion.
The company is now expecting 2025 EPS to range from $15.25 to $16.25, below the $16.33 FactSet consensus. Revenue is expected to decline by a mid-single-digit percent on a constant currency basis.
(This is a breaking news story. Check back for updates)
-Ciara Linnane
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 12, 2025 07:06 ET (12:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。