Incyte (INCY) Tops Q2 EPS Views; Updates FY16 Outlook

August 9, 2016 7:02 AM EDT
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Incyte (NASDAQ: INCY) reported Q2 EPS of $0.18, $0.20 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $208 million versus the consensus estimate of $235.24 million.

2016 Financial Guidance

The Company has updated its full year 2016 financial guidance, as detailed below.

Current Previous
Jakafi net product revenues $825-$835 million $815-$830 million
Iclusig net product revenues $25-$30 million Unchanged
Research and development expenses $620-$630 million $635-$660 million
Selling, general and administrative expenses $285-$310 million Unchanged

For earnings history and earnings-related data on Incyte (INCY) click here.

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