New Zealand markets open in 6 hours 5 minutes
  • NZX 50

    11,434.82
    -83.50 (-0.72%)
     
  • NZD/USD

    0.5746
    -0.0099 (-1.70%)
     
  • ALL ORDS

    6,788.70
    -132.70 (-1.92%)
     
  • OIL

    79.43
    -4.06 (-4.86%)
     
  • GOLD

    1,651.70
    -29.40 (-1.75%)
     

2 Reasons This Beaten-Down Stock Could Be About to Rebound

·4-min read
2 Reasons This Beaten-Down Stock Could Be About to Rebound

Gilead Sciences (NASDAQ: GILD) has kept its revenue and earnings growing in the past two years -- if ever so slightly -- largely thanks to Veklury, its COVID-19 therapy. Gilead Sciences' revenue rose by only about 1% year over year to $6.3 billion during the period. Excluding sales of Veklury, which dropped by 46% year over year to $445 million, Gilead Sciences' revenue for the quarter grew by a more impressive and respectable (by industry standards) 7%.