Sanofi (PA:SASY) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sanofi announced earnings per share of €1.63 on revenue of €9.32B. Analysts polled by anticipated EPS of €1.45 on revenue of €8.84B. That with comparison to EPS of €1.42 on revenue of €8.39B in the same period a year before. Sanofi had reported EPS of €1.34 on revenue of €9.61B in the previous quarter. Analysts are expecting EPS of €1.43 and revenue of €9.09B in the upcoming quarter.
Sanofi shares are up 1% from the beginning of the year , still down 4.33% from its 52 week high of €95.06 set on February 19. They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 11.35% year to date.
Sanofi follows other major Healthcare sector earnings this month
Sanofi's report follows an earnings beat by Sartorius Stedim on Tuesday, who reported EPS of €0.87 on revenue of €422.1M, compared to forecasts EPS of €0.76 on revenue of €388.37M.
Genfit had beat expectations on April 8 with first quarter EPS of €-0.6 on revenue of €2.5M, compared to forecast for EPS of €-0.79 on revenue of €2.9M.
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