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Biogen stock pops after earnings beat

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Biogen stock pops after earnings beat

) shares rose 1.8% in early New York trading on Wednesday after the company reported third-quarter results that topped analyst expectations.

In terms of specific product revenues, Biogen reported $1.16 billion in revenue for multiple sclerosis, in line with the estimate. Revenue for Spinraza reached $448.2 million, exceeding the estimate of $434.9 million.

 

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Biogen Reports Earnings Wednesday. Here's What to Expect.Wall Street will likely be more interested in updates on future developments, rather than the latest quarter's numbers.
Source: MarketWatch - 🏆 3. / 97 Read more »