BOSTON (AP) — BOSTON (AP) — Vertex Pharmaceuticals Inc. (VRTX) on Monday reported third-quarter net income of $1.05 billion.
On a per-share basis, the Boston-based company said it had net income of $4.01. Earnings, adjusted for stock option expense and non-recurring costs, came to $4.38 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $4.13 per share.
The drugmaker posted revenue of $2.77 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $2.67 billion.
Vertex expects full-year revenue in the range of $10.8 billion to $10.9 billion.
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