Gilead Sciences Inc. ( GILD ) released earnings for first quarter that decreased from last year.
The company said its bottom line dropped to $2.95 billion, or $2.23 per share. This was lower than $4.27 billion, or $3.03 per share, in last year’s first quarter.
Analysts had expected the company to earn $2.28 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company said revenue for the quarter fell 16.4% to $6.51 billion. This was down from $7.79 billion last year.
Gilead Sciences Inc. earnings at a glance:
-Earnings (Q1): $2.95 Bln. vs. $4.27 Bln. last year.
-Earnings Decline (Y-o-Y): -30.9%
-EPS (Q1): $2.23 vs. $3.03 last year.
-EPS Decline (Y-o-Y): -26.4%
-Analysts Estimate: $2.28
-Revenue (Q1): $6.51 Bln vs. $7.79 Bln last year.
-Revenue Change (Y-o-Y): -16.4%