Biogen beats Q4 earnings, misses on full-year rev forecast

Shares in Biogen (NSDQ:BIIB) fell this week after the biopharmaceutical company met expectations on Wall Street with its 4th quarter financial results, but pegged its full-year revenue forecast lower than analysts expected.

The Cambridge, Mass.-based company posted profits of $649.2 million, or $2.99 per share, on sales of $2.87 billion for the 3 months ended Dec. 31, for bottom-line loss of -21.9% on sales growth of 1.1% compared with the same period last year.

Get the full story at our sister site, Drug Delivery Business News.

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