Incyte: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 07:13 AM ET
Last Updated - Dec 16, 2024, 05:54 PM EST
WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Incyte Corp. (INCY) on Tuesday reported third-quarter earnings of $106.5 million.
The Wilmington, Delaware-based company said it had profit of 54 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.07 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The specialty drugmaker posted revenue of $1.14 billion in the period, topping Street forecasts. Nine analysts surveyed by Zacks expected $1.09 billion.
