Roche Revenue Up 4% at CHF12.94 Billion on Strong Sales
April 27 2017 - 2:10AM
Dow Jones News
By Denise Roland
Roche Holding AG (ROG.EB) said revenue rose in the first
quarter, thanks to strong sales of several of its drugs.
Basel, Switzerland-based Roche said revenue climbed 4% to 12.94
billion Swiss francs ($13.03 billion), from CHF12.41 billion a year
earlier. The company doesn't report quarterly earnings.
Among the medicines that drove growth was Roche's trio of drugs
aimed at women whose breast cancer is linked to a gene known as
HER2. Sales of Herceptin, Perjeta and Kadcyla grew a combined 6% in
the quarter. Breast cancer is the most commonly diagnosed cancer in
the U.S., according to the American Cancer Society, with around 20%
of those cases linked to the HER2 gene.
Sales at Roche's pharmaceutical division, which accounts for
around three-quarters of total sales, rose 3% to CHF10.18
billion.
Roche's smaller diagnostics division also notched strong growth,
thanks mainly to sales of products to large laboratories and for
use in clinics. Sales of diagnostic products climbed 6% in the
quarter to CHF2.77 billion.
The company confirmed its outlook for the year, saying it
expects sales to grow by a low-to-mid-single-digit percentage at
constant exchange rates. It said core earnings per share would grow
broadly in line with sales.
Write to Denise Roland at denise.roland@wsj.com
(END) Dow Jones Newswires
April 27, 2017 01:55 ET (05:55 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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