WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Incyte Corp. (INCY) on Monday reported fourth-quarter profit of $201.2 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of $1.02. Earnings, adjusted for one-time gains and costs, were $1.43 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The specialty drugmaker posted revenue of $1.18 billion in the period, exceeding Street forecasts. Ten analysts surveyed by Zacks expected $1.15 billion.
For the year, the company reported profit of $32.6 million, or 15 cents per share. Revenue was reported as $4.24 billion.
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