5 Biotech Stocks Set To Beat Q3 Earnings Estimates
Zacks Investment Research | Nov 11, 2019 07:50AM ET
The third-quarter earnings performance of drug/biotech companies so far has been mostly better than expected.
Among the specialty pharma companies, J&J (NYSE:JNJ), Bristol-Myers, Merck, Pfizer (NYSE:PFE), AstraZeneca, AbbVie (NYSE:ABBV) all beat estimates for both earnings and sales. Lilly beat the Zacks Consensus Estimate for third-quarter earnings but missed the same for sales. Among the big biotech stocks, Amgen (NASDAQ:AMGN), Alexion (NASDAQ:ALXN), Biogen (NASDAQ:BIIB) and Regeneron beat estimates on both counts. Vertex (NASDAQ:VRTX) beat estimates for earnings but missed the same for sales. Gilead’s earnings missed expectations while sales managed to marginally surpass the same.
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