Incyte Q1 Jakafi sales up 22%; guidance affirmed

Incyte (INCY) Q1 results:

Revenues: $568.5M (+14.2%); Jakafi: $459.5M (+22.3%); Iclusig: $27.2M (+32.0%); Jakavi product royalty: $56.3M (+23.5%); Olumiant product royalty: $25.4M (+58.8%).

Net loss: ($720.6M); loss/share: ($3.33); non-GAAP Net loss: ($618.9M); non-GAAP loss/share: ($2.86).

2020 Guidance: Jakafi sales: $1.88B – 1.95B (unch); Iclusig sales: $100M – 105M (unch).

Previously: Incyte EPS misses by $2.50, beats on revenue (May 5)

https://seekingalpha.com/news/3569043-incyte-q1-jakafi-sales-up-22-guidance-affirmed