earnings
confidence high
sentiment positive
materiality 0.85
Regeneron Q2 revenue up 12% to $3.55B, EPS beats; EU approves Dupixent for COPD
REGENERON PHARMACEUTICALS, INC.
2024-Q2 EPS reported
$18.68
revenue$6,692,100,000
- Total revenue $3.55B (+12% YoY); GAAP diluted EPS $12.41 (+46%); non-GAAP diluted EPS $11.56 (+13%).
- Dupixent global net sales up 27% to $3.56B; EU approved for COPD; FDA decision expected Sept 27, 2024.
- EYLEA HD/EYLEA U.S. sales $1.53B (+2%), including $304M from EYLEA HD.
- Libtayo global net sales up 42% to $297M; pipeline progress in obesity, gene therapy, oncology.
- New $3B share repurchase authorization; $601M repurchased in Q2; 2024 guidance updated.