Celgene Reports First Quarter 2015 Operating and Financial Results

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Celgene (CELG) Q1 'Strong' in Seasonally Weak Quarter, BMO Capital Says

April 30, 2015 2:57 PM EDT

BMO Capital analyst Jim Birchenough reiterated his Outperform rating and $163 price target on Celgene (NASDAQ: CELG) following Q1 result which he called "solid" despite seasonal headwinds.

Birchenough commented, "We are reiterating our Outperform rating on the shares of CELG following review of 1Q15... More

Celgene (CELG) Tops Q1 EPS by 1c

April 30, 2015 7:31 AM EDT

Celgene (NASDAQ: CELG) reported Q1 EPS of $1.07, $0.01 better than the analyst estimate of $1.06. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $2.11 billion.

Product and Pipeline Updates

Hematology

REVLIMID®: In February, the U.S. Food and Drug Administration expanded the approved indication for REVLIMID® to include the treatment of patients with newly diagnosed multiple myeloma (NDMM), in combination with dexamethasone. Also in February, the European Commission (EC) approved REVLIMID® for the treatment of adult patients with previously untreated multiple... More