Sanofi: 2Q Earnings Snapshot
PARIS (AP) _ Sanofi (SNY) on Monday reported a loss of $97.8 million in its second quarter.
The Paris-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, were 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The drugmaker posted revenue of $9.7 billion in the period.
Sanofi shares have decreased slightly more than 2% since the beginning of the year. The stock has dropped slightly more than 2% in the last 12 months.