August 22, 2018
1 min read
Save
This article is more than 5 years old. Information may no longer be current.
Regeneron net income increases in second quarter
You've successfully added to your alerts. You will receive an email when new content is published.
Click Here to Manage Email Alerts
Click Here to Manage Email Alerts
We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.
Regeneron reported a net income of $551 million, or $5.12 per basic share, in 2018’s second quarter compared with $388 million, or $3.66 per basic share, in the same time period of 2017, according to a press release.
Total revenues were $1.608 billion in the quarter, an increase of 9% from 2017’s second quarter revenues of $1.47 billion.
Product sales increased from $924 million in the second quarter of 2017 to $996 million this year.
Research and development costs were $529 million compared with $510 million a year ago, while selling, general and administrative expenses were $365 million compared with $307 million.