financetom
Business
financetom
/
Business
/
Incyte Swings to Adjusted Loss in Q2, Revenue Rises; Lifts Low End of Jakafi Outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Incyte Swings to Adjusted Loss in Q2, Revenue Rises; Lifts Low End of Jakafi Outlook
Jul 30, 2024 5:20 AM

07:47 AM EDT, 07/30/2024 (MT Newswires) -- Incyte ( INCY ) reported a Q2 adjusted loss Tuesday of $1.82 per diluted share, compared with adjusted earnings of $0.99 a year earlier.

Analysts surveyed by Capital IQ expected adjusted EPS of $1.11.

Revenue for the quarter ended June 30 was $1.04 billion, compared with $954.6 million a year earlier.

Analysts surveyed by Capital IQ expected $1.01 billion.

For full-year 2024, the company said it now expects net product revenue for its drug Jakafi to be between $2.71 billion and $2.75 billion, compared with previous guidance of $2.69 billion to $2.75 billion.

Price: 69.04, Change: +0.45, Percent Change: +0.66

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wolfspeed reaches agreement with creditors, plans bankruptcy filing
Wolfspeed reaches agreement with creditors, plans bankruptcy filing
Jun 22, 2025
June 22 (Reuters) - Wolfspeed ( WOLF ) said on Sunday that it has reached a restructuring agreement with creditors and plans to file for bankruptcy in the U.S. in the near future. The restructuring agreement would provide the struggling chipmaker with $275 million in fresh financing by some of its existing creditors, the company said in its statement. ...
Wolfspeed reaches agreement with creditors, plans bankruptcy filing
Wolfspeed reaches agreement with creditors, plans bankruptcy filing
Jun 22, 2025
(Reuters) -Wolfspeed ( WOLF ) said on Sunday that it has reached a restructuring agreement with creditors and plans to file for bankruptcy in the U.S. in the near future. The restructuring agreement would provide the struggling chipmaker with $275 million in fresh financing by some of its existing creditors, the company said in its statement. ...
India Morning Newsletter, June 23
India Morning Newsletter, June 23
Jun 22, 2025
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved