Regeneron’s stock rallies after profit, revenue rise above expectations, amid a jump in collaboration revenue

Shares of Regeneron Pharmaceuticals Inc. climbed 2.6% toward a 5-week high in premarket trading Thursday, after the biotechnology company reported...

Shares of Regeneron Pharmaceuticals Inc.

climbed 2.6% toward a 5-week high in premarket trading Thursday, after the biotechnology company reported second-quarter profit and revenue that rose above forecasts, amid strength in collaboration revenue. Net income rose to $968.4 million, or $8.50 a share, from $852.1 million, or $7.47 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $10.24 beat the FactSet consensus of $9.88. Revenue grew 10.5% to $3.16 billion, above the FactSet consensus of $3.

climbed 2.6% toward a 5-week high in premarket trading Thursday, after the biotechnology company reported second-quarter profit and revenue that rose above forecasts, amid strength in collaboration revenue. Net income rose to $968.4 million, or $8.50 a share, from $852.1 million, or $7.47 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $10.24 beat the FactSet consensus of $9.88. Revenue grew 10.5% to $3.16 billion, above the FactSet consensus of $3.

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