2nd-qtr sales of Gilead Sciences new hepatitis C shine, beating expectation

29 July 2015

USA-based Gilead Sciences (Nasdaq: GILD) surprised investors when it reported second-quarter 2015 financials late Tuesday that defied expectations, with its news hepatitis C drugs posting sales higher than analysts had forecast, and also increased its full-year forecast.

Gilead, now the world’s largest biotech company by sales, reported group revenues for the quarter of $8.24 billion, a rise of 26%, versus $7.6 billion according to a consensus estimate by Thomson Reuters.

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