Vertex: Q2 Earnings Snapshot
BOSTON (AP) _ Vertex Pharmaceuticals Inc. (VRTX) on Thursday reported second-quarter earnings of $810.5 million.
On a per-share basis, the Boston-based company said it had net income of $3.13. Earnings, adjusted for one-time gains and costs, came to $3.60 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.48 per share.
The drugmaker posted revenue of $2.2 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $2.13 billion.