Sanofi raises outlook as specialty care and vaccines lift third quarter
Reuters
Published Oct 29, 2020 06:39
PARIS (Reuters) - Sanofi (PA:SASY) raised its 2020 outlook for the second time this year after posting slightly stronger-than-expected third-quarter results on Thursday, helped by growth at its specialty care and vaccines units.
The French drugmaker said it expected earnings per share in 2020 to increase by 7-8% up from 6-7%.
Net income in the third quarter was up 9.4% at constant exchange rates to 2.3 billion euros (2.1 billion pounds) while revenue rose 5.7% to 9.48 billion.
Analysts polled by Refinitiv had expected on average net income of 2.27 billion euros and sales of 9.75 billion.
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Written By: Reuters
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