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Incyte Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - Incyte (INCY) reported second quarter non-GAAP earnings per share of $1.24 compared to $0.75, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.87, for the quarter. Analysts' estimates typically exclude special items.

Second quarter Total GAAP revenue increased year-on-year to $688.04 million from $529.93 million. Analysts expected revenue of $613.91 million for the quarter. Jakafi net product revenue improved 16% to $473.71 million.

Looking forward, the company reaffirmed its full year 2020 financial guidance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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