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Incyte (INCY) Q2 Revenue Tops Views

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July 31, 2018 7:13 AM EDT

Incyte (NASDAQ: INCY) reported Q2 EPS of $0.26, $0.09 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $521.52 million versus the consensus estimate of $473.78 million.

2018 Financial Guidance

The Company has updated its full year 2018 financial guidance, as detailed below.

Current Previous
GAAP and Non-GAAP Jakafi net product revenues $1,350 - $1,400 million Unchanged
GAAP and Non-GAAP Iclusig net product revenues $80 - $85 million Unchanged
GAAP Cost of product revenues $85 - $95 million Unchanged
Non-GAAP Cost of product revenues(1) $64 - $74 million Unchanged
GAAP Research and development expenses $1,150 - $1,250 million Unchanged
Non-GAAP Research and development expenses(2) $1,008 - $1,103 million $1,013 - $1,108 million
GAAP Selling, general and administrative expenses $390 - $410 million Unchanged
Non-GAAP Selling, general and administrative expenses(3) $340 - $355 million Unchanged
GAAP Change in fair value of acquisition-related contingent consideration $30 million Unchanged
Non-GAAP Change in fair value of acquisition-related contingent consideration(4) $0 million Unchanged

For earnings history and earnings-related data on Incyte (INCY) click here.


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