BREAKING NEWS

Shire upgrades earnings guidance after second-quarter earnings beat

Now Reading:

Shire upgrades earnings guidance after second-quarter earnings beat

Text size Aa Aa

LONDON (Reuters) – London-listed pharmaceutical maker Shire <SHP.L> upgraded its forecast for full-year earnings on Thursday as it reported 7 percent growth in second-quarter product sales. The company said it had upgraded the midpoint of its full-year forecast by 10 cents to $15 after it made stronger-than-expected costs savings from its acquisition of haemophilia specialist Baxalta last year. It reported second-quarter revenue of $3.75 billion and non GAAP earnings per ADS of $3.73, up 11 percent and beating a market forecast of $3.60.

(Reporting by Paul Sandle; editing by Jason Neely)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.