Form 8-K BIOGEN INC. For: Feb 03

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Biogen (BIIB) Misses Q4 EPS by 29c, Guides FY Below Consensus

February 3, 2021 7:08 AM EST

(Updated - February 3, 2021 7:09 AM EST)

Biogen (NASDAQ: BIIB) reported Q4 EPS of $4.58, $0.29 worse than the analyst estimate of $4.87. Revenue for the quarter came in at $2.85 million versus the consensus estimate of $2.8 million.

GUIDANCE:

Biogen sees FY2021 EPS of $17.00-$18.50, versus the consensus of $24.67. Biogen sees FY2021 revenue of $10.45-10.75 billion, versus the consensus of $11.22 billion.

Biogen expects full year 2021 revenue to be between $10.45 billion and $10.75 billion, Non-GAAP diluted EPS to be between $17.00 and $18.50, and capital expenditures to be between $375 million and $425 million.This financial... More