GSK Lifts Outlook After Drug Sales Help It Beat Forecasts

Posted by pharmacybiz 30 days ago (

Description: GlaxoSmithKline delivered better-than-expected third-quarter results and raised its annual profit outlook, lifting its shares on Wednesday (October 27) after strong sales of key drugs and cost cutting ahead of a planned split next year. GSK now expects 2021 adjusted earnings per share to decline by between 2 per cent and 4 per cent at constant exchange rates, excluding any boost from its Covid-19 offerings. It had previously expected profit to fall by mid-to-high single digit percentages.

Category: News

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