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Regneron Inventory: Regeneron Earnings High, Gross sales In Line 


Regeneron Prescribed drugs (REGN) on on Thursday reported adjusted earnings of $9.89 per share on $2.53 billion in gross sales for its first quarter. In response, Regeneron inventory edged increased.




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On common, analysts polled by FactSet anticipated Regeneron to earn $8.74 per share on $2.53 billion in gross sales.

Within the year-earlier interval, Regeneron earnings have been $6.60 per share and the corporate reported $1.83 billion in gross sales.

The biotech firm didn’t present full-year EPS or gross sales steerage. Analysts referred to as for adjusted earnings of $46.62 per share and $12 billion in gross sales.

In premarket buying and selling on the inventory market at this time, Regeneron inventory rose 0.7%.

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Comply with Allison Gatlin on Twitter at @IBD_AGatlin.

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