Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Gilead Sciences, Inc.    GILD

Delayed Quote. Delayed  - 09/23 10:14:59 pm
81.37 USD   -0.18%
09/22 ABZENA : Says Gilead Halts Ulcerative Colitis Trials For GS-5745
09/21 GILEAD SCIENCES : Terminates Phase 2/3 Study of GS-5745 in Patients ..
09/21DJGILEAD SCIENCES : Halts Test of Bowel Disease Treatment
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Gilead 1Q Net Slips 32% On Higher Expenses, Weaker Margins

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/26/2012 | 10:54pm CEST

Gilead Sciences Inc. (>> Gilead Sciences, Inc.) first-quarter earnings slid 32% as the biopharmaceutical company reported higher expenses and weaker margins, though adjusted profits improved.

Product sales, which generate the majority of the company's revenue, have been rising steadily in recent quarters. In the latest period, product sales rose 19%. Sales of antiviral products, its dominant revenue stream, increased 18 as HIV drugs Atripla and Truvada saw sales gains of 19% and 13%, respectively.

The company also receives royalties for Tamiflu from Roche Holding AG (RHHBY, ROG.VX). Royalty, contract and other revenue from collaborations were also up 19% last quarter.

Lately, Gilead has been focusing on simplifying HIV therapy, a treatment market that it dominates. In December, U.S. regulators accepted Gilead's new drug application for its Quad combination HIV drug, which analysts view as a potential growth driver. The Food and Drug Administration in February also granted Truvada a priority-review schedule, advancing what could become the first treatment labeled for HIV prevention.

Earlier this year, Gilead bought Pharmasset Inc. for more than $11 billion in a deal expected to accelerate the development of treatments for hepatitis C, a hotly contested market. A key drug candidate it obtained with Pharmasset, GS-7977, suffered a setback in February as a majority of hepatitis-C patients in one arm of a clinical trial had a relapse, raising questions about the drug's potential.

In the latest quarter, Gilead posted a profit of $442 million, or 57 cents a share, down from $651.1 million, or 80 cents a share, a year earlier. Excluding acquisition-related expenses, restructuring and stock-based compensation, earnings rose to 91 cents from 87 cents.

Revenue gained 19% to $2.28 billion.

Analysts polled by Thomson Reuters had expected a profit of 93 cents a share and revenue of $2.2 billion.

Operating margin narrowed to 35.1% from 46.8% as total costs and expenses jumped 45%.

Shares were down 1.4% to $52 after-hours. Through the close, the stock is up 29% since the start of the year.

 
   -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com 

Stocks mentioned in the article : Gilead Sciences, Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GILEAD SCIENCES, INC.
09/22 ABZENA : Says Gilead Halts Ulcerative Colitis Trials For GS-5745
09/21 GILEAD SCIENCES : Terminates Phase 2/3 Study of GS-5745 in Patients With Ulcerat..
09/21DJGILEAD SCIENCES : Halts Test of Bowel Disease Treatment
09/20 GILEAD SCIENCES INC : Entry into a Material Definitive Agreement, Creation of a ..
09/20 STOCKS HIGHLIGHTS : Gilead Sciences, Inc. Wellcare Health Plans, Inc.
09/16 GILEAD SCIENCES : Prices $5 Billion of Senior Unsecured Notes
09/15 GILEAD SCIENCES : to Present at Three Upcoming Investor Conferences in September
09/14 GILEAD SCIENCES, INC. : ex-dividend day
09/13DJGILEAD SCIENCES : Scientists Honored for Hep C Research
09/09 GILEAD SCIENCES : Patent Issued for Methods and Intermediates for Preparing Phar..
More news
Sector news : Bio Therapeutic Drugs
09/23DJAMGEN : FDA Approves Amgen's Biosimilar Version of Humira -- 2nd Update
09/23DJAMGEN : FDA Approves Amgen's Biosimilar Version of Humira -- Update
09/23DJAMGEN : FDA Approves Amgen's Biosimilar Version of Humira
09/20 Bayer raises sales targets for top-selling drugs after Monsanto deal
09/13DJCREDIT MARKETS : Apple, Daimler on BOE List -- WSJ
More sector news : Bio Therapeutic Drugs
News from SeekingAlpha
09/24 BIOTECH : What's Next For M&A?
09/23 Fovista Results Could See Novartis Dig Deep, And Gilead's NASH Data
09/23 Priority Review Vouchers Revisited
09/23 Bubble Stocks Top The Takeover Premium Charts
09/23 BIOTECH FORUM DAILY DIGEST : Can Biotech Broach Resistance Levels? Worst Now Ove..
Advertisement
Financials ($)
Sales 2016 30 463 M
EBIT 2016 20 153 M
Net income 2016 14 534 M
Debt 2016 5 504 M
Yield 2016 2,28%
P/E ratio 2016 7,67
P/E ratio 2017 7,33
EV / Sales 2016 3,71x
EV / Sales 2017 3,68x
Capitalization 107 381 M
More Financials
Chart GILEAD SCIENCES, INC.
Duration : Period :
Gilead Sciences, Inc. Technical Analysis Chart | GILD | US3755581036 | 4-Traders
Full-screen chart
Technical analysis trends GILEAD SCIENCES, ...
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 106 $
Spread / Average Target 30%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John F. Milligan President, Chief Executive Officer & Director
John C. Martin Executive Chairman
Kevin B. Young Chief Operating Officer
Robin L. Washington Chief Financial Officer & Executive Vice President
Norbert W. Bischofberger Chief Scientific Officer & Executive VP-Research
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GILEAD SCIENCES, INC.-19.59%107 381
AMGEN, INC.7.68%130 813
CELGENE CORPORATION-8.63%84 821
REGENERON PHARMACEUTIC..-24.40%43 212
VERTEX PHARMACEUTICALS..-27.97%22 456
ACTELION LTD21.56%18 675
More Results