Gilead Sciences (GILD) Misses Q3 EPS by 11c; Reiterates Outlook

November 1, 2016 4:03 PM EDT
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Gilead Sciences (NASDAQ: GILD) reported Q3 EPS of $2.75, $0.11 worse than the analyst estimate of $2.86. Revenue for the quarter came in at $7.4 billion versus the consensus estimate of $7.45 billion.Gilead Sciences reaffirmed FY2016 guidance.

Full Year 2016 Guidance Reiterated

Gilead reiterates its full year 2016 guidance, as revised on July 25, 2016:

(In millions, except percentages and per share amounts) Updated July 25, 2016

Reiterated November 1, 2016

Net Product Sales $29,500 - $30,500
Product Gross Margin 88% - 90%
R&D Expenses $3,600 - $3,800
SG&A Expenses $3,100 - $3,300
Effective Tax Rate 18.0% - 20.0%
Diluted EPS Impact of Acquisition-related, Up-front Collaboration, Stock-based Compensation and Other Expenses $1.47 - $1.53

For earnings history and earnings-related data on Gilead Sciences (GILD) click here.

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