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Market Impact: 0.35

Biogen Inc. (BIIB) Tops Q1 Earnings and Revenue Estimates

BIIB
Corporate EarningsCompany FundamentalsAnalyst EstimatesHealthcare & Biotech

Biogen reported quarterly EPS of $3.57, beating the Zacks Consensus Estimate of $2.95 by $0.62, or about 21%. Earnings also improved from $3.02 per share a year ago, indicating year-over-year growth of roughly 18%. The result is a solid earnings beat for the biotech company and could support the shares modestly.

Analysis

Biogen reported quarterly EPS of $3.57, beating the Zacks Consensus Estimate of $2.95 by $0.62, or about 21%. Earnings also improved from $3.02 per share a year ago, indicating year-over-year growth of roughly 18%. The result is a solid earnings beat for the biotech company and could support the shares modestly.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.35

Ticker Sentiment

BIIB0.55