Vertex Pharma (VRTX) Tops Q1 EPS by 16c, Revenues Beat; Affirms FY19 Revenue Guidance Below Consensus

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Vertex Reports First-Quarter 2019 Financial Results

April 30, 2019 4:01 PM EDT

- First-quarter 2019 product revenues of $857 million, a 34% increase compared to $638 million in 2018-

- First-quarter 2019 GAAP operating income increased 115% to $277 million; non-GAAP operating income increased 81% to $377 million -

- On track to choose best triple combination regimen in Q2 2019; NDA submission planned for Q3 2019 -

BOSTON--(BUSINESS WIRE)-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today reported consolidated financial results for the first quarter ended March 31, 2019 and reiterated full-year 2019 financial guidance.

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