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Sanofi (SNY)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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49.36+2.75 (+5.90%)
As of 11:57AM EDT. Market open.
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  • Reuters

    UPDATE 2-Sanofi profit slips on generic competition and currency effects

    Sanofi's first-quarter operating income fell 14.7% as currency effects and cheap competition to its multiple sclerosis drug Aubagio outweighed rising sales of anti-inflammatory drug Dupixent, the French drugmaker said on Thursday. Operating income adjusted for one-offs slipped to 2.84 billion euros ($3.04 billion), a touch above the 2.79 billion euros expected by analysts in a poll on Sanofi's website. The company reiterated that it expects 2024 adjusted earnings per share (EPS) to slip by a low single-digit percentage, excluding currency swings, citing higher taxes and an increase in development expenditure.