AstraZeneca reports profit jump in second quarter, confirms outlook
Profit before tax climbed 30% to $3.13 billion in the second quarter, up from last year's $2.40 billion, the Cambridge-based firm said.
Earnings per share came in at $1.57, up from $1.24 in the same period last year.
Core earnings per share stood at $2.17 for the period. Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 22% to $4.90 billion from last year's $4.03 billion.
AstraZeneca said total revenue for the quarter increased 12% to $14.46 billion from last year's $12.94 billion. Revenue, meanwhile, grew 11% at constant exchange rates.
Analysts on average expected the company to record revenues of $14.10 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead, AstraZeneca continues to expect core earnings per share to increase by a low double-digit percentage in the 2025 financial year, and total revenue to increase by a high single-digit percentage.
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