Trending: GSK's 3Q Profits Drive Full-Year Guidance Hike, Despite Missing Market Views
2023年11月1日 - 9:18PM
Dow Jones News
1147 GMT - GSK is among the most mentioned companies across news
items over the past five hours, according to Factiva data. The
British pharmaceutical giant on Wednesday hiked full-year guidance
as third quarter net profit rose, mainly reflecting the U.S. launch
of its Arexvy vaccine--though it still missed market expectations.
GSK reported a net profit from continuing operations of 1.46
billion pounds ($1.77 billion), boosted by the vaccine for
respiratory syncytial virus, compared with GBP759 million a year
earlier and a company-compiled consensus of GBP1.87 billion. "The
launch in the U.S. is going well due to strong demand but also
benefiting from some initial inventory build," Quilter Cheviot
healthcare research analyst Sheena Berry said in a market comment.
Turnover for the period rose to GBP8.15 billion from GBP7.83
billion, beating analysts' expectations of GBP7.77 billion. For the
year, GSK expects turnover to increase between 12% and 13%,
compared with previous guidance of 8% to 10%, and adjusted
operating profit to increase between 13% and 15%, up from 11% to
13%. "GSK offers good earnings growth potential for investors, but
with risks still present, focus has to turn to business development
to enhance the pipeline and product offering to help it continue
this growth in the medium and long terms," Berry said. Shares are
down 1.5% at 1,435.8 pence. Dow Jones & Co. owns Factiva.
(joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
November 01, 2023 08:03 ET (12:03 GMT)
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