FRANKFURT, Oct 23 (Reuters) - Swiss drugmaker Roche
on Thursday lifted its full-year profit guidance, even
after nine-month sales were burdened by foreign exchange effects
to come in below expectations.
In a statement, the group said it projected a gain in
adjusted earnings per share in the "high single to low double
digit" percentage range.
The was up from a previous guidance for the figures to grow
by a "high single digit" percentage. It confirmed its outlook
for mid single-digit sales growth.
The brighter earnings prospects, albeit excluding the
foreign-exchange burden, could provide a tailwind for CEO Thomas
Schinecker as he invests heavily in obesity drugs to challenge
the two dominant makers of weight-loss drugs, Novo Nordisk
and Eli Lilly ( LLY ).
Group revenues during the January-to-September period were
up 2% in non-adjusted terms at 45.9 billion Swiss francs
($57.87 billion), below forecasts cited by analysts for about
46.2-46.4 billion francs.
($1 = 0.7931 Swiss francs)