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Wednesday, July 31, 2019

Vertex Pharma up 2% after hours on Q2 beat, guidance raise

Vertex Pharmaceuticals (NASDAQ:VRTXQ2 results ($M): Revenues: 941.3 (+25.1%); product sales: 940.4 (+25.4%).
Key product sales: Symdeko/Symkevi: 362 (+94.6%); Orkambi: 316 (+69.9%); Kalydeco: 262 (+3.6%).
Net income: 267.4 (+28.9%); non-GAAP net income: 327.3 (+34.1%); EPS: 1.03 (+28.8%) non-GAAP EPS: 1.26 (+34.0%).
2019 guidance: Product sales: $3.60B – 3.70B from $3.45B – 3.55B.
Shares up 2% after hours.

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