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Wednesday, February 5, 2025

GSK Stock Jumps on Long-Term Outlook Boost, $2.5B Share Buyback

 

  • GSK Plc's U.S.-listed shares surged Wednesday after the pharmaceutical firm boosted its long-term outlook and launched a $2.5 billion stock buyback on the back of optimism about sales of its new drugs.
  • The British drugs giant said it expects 2031 revenue to be more than 40 billion pounds.
  • GSK's fourth-quarter core earnings per share and revenue also beat estimates.

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