WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Incyte Corp. (INCY) on Tuesday reported first-quarter profit of $158.2 million.
The Wilmington, Delaware-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The specialty drugmaker posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $1.01 billion.
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