empty

2024.02.1312:17:00UTC+00Incyte Corporation Q4 Profit Increases, but misses estimates

Incyte Corporation (INCY) recently announced an increase in its fourth-quarter earnings compared to the same period in the previous year, although the figures fell short of Wall Street predictions.

The company saw a net income of $201.08 million, equating to $0.89 per share. This demonstrates significant advancement from the $28.46 million or $0.13 per share achieved in the fourth quarter of the previous year.

When excluding certain items, Incyte Corporation presented adjusted earnings of $239.12 million or $1.06 per share for the time frame.

Averaged figures compiled by Thomson Reuters showed that analysts had anticipated earnings of $1.16 per share. It's worth noting that these predictions commonly omit exceptional items.

Revenues for the quarter rose by 9.0%, escalating to $1.01 billion from $926.70 million in the previous year.

To put Incyte Corporation's earnings into perspective:

- Fourth-quarter earnings: increased to $201.08 million from $28.46 million last year.

- Fourth-quarter earnings per share: $0.89, up from $0.13 last year.

- Analysts' estimate: $1.16 per share.

- Fourth-quarter revenue: increase to $1.01 billion, up from $926.70 million in the previous year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.