WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Incyte Corp. (INCY) on Tuesday reported fourth-quarter earnings of $299.3 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of $1.46. Earnings, adjusted for one-time gains and costs, came to $1.80 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The specialty drugmaker posted revenue of $1.51 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $1.35 billion.
For the year, the company reported profit of $1.29 billion, or $6.41 per share. Revenue was reported as $5.14 billion.
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