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Vertex (VRTX) Q3 Earnings Beat, Revenues Lag Estimates
Vertex Pharmaceuticals Incorporated VRTX delivered third-quarter 2019 earnings per share of $1.23, beating the Zacks Consensus Estimate of $1.14. Moreover, earnings rose 13% year over year. Strong cystic fibrosis (CF) product revenues led to higher profits in the reported quarter.
However, Vertex’s revenues of $949.8 million missed the Zacks Consensus Estimate of $952 million. But the company’s sales increased 21.1% year over year, driven by the rapid uptake of its newest CF medicine Symdeko in the United States. Symdeko is marketed under the trade name Symkevi in the EU.
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https://finance.yahoo.com/news/vertex-vr...04528.html
![[Bild: VRTXc1dl1656.png]](https://finviz.com/publish/103119/VRTXc1dl1656.png)
Vertex Pharmaceuticals Incorporated VRTX delivered third-quarter 2019 earnings per share of $1.23, beating the Zacks Consensus Estimate of $1.14. Moreover, earnings rose 13% year over year. Strong cystic fibrosis (CF) product revenues led to higher profits in the reported quarter.
However, Vertex’s revenues of $949.8 million missed the Zacks Consensus Estimate of $952 million. But the company’s sales increased 21.1% year over year, driven by the rapid uptake of its newest CF medicine Symdeko in the United States. Symdeko is marketed under the trade name Symkevi in the EU.
...
https://finance.yahoo.com/news/vertex-vr...04528.html
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