Drugmaker Sanofi raises 2021 profit guidance again after Q3 beat

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 28, 2021

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October 28, 2021

(Reuters) – French drugmaker Sanofi again raised its profit guidance for 2021 as its blockbuster eczema drug Dupixent and flu vaccines helped it beat market forecasts in the third quarter.

The group, which is hoping for a comeback after losing ground in the COVID-19 jab race, said sales in the three months to September grew 10.1% to 10.4 billion euros ($12.1 billion) while earnings per share came in at 2.18 euros. The latter compared with a 1.99 euros average forecast in an analyst consensus provided by the company.

Sanofi now expects earnings per share to climb by around 14% at constant currencies this year, up from a previous, already improved estimate for 12% growth released in July.

($1 = 0.8618 euros)

(Reporting by Silvia Aloisi; Editing by Sudip Kar-Gupta)

Source Link Drugmaker Sanofi raises 2021 profit guidance again after Q3 beat

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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.