Celgene Reports Mixed Q3 As Cancer Rivals Rise

By | November 5, 2015

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Big biotech Celgene (CELG) beat analysts’ Q3 earnings expectations but came up short on the top line Thursday morning, sending shares down sharply in early trading. Celgene earnings rose 27% over the year-earlier quarter to $1.23 a share, excluding one-time items, beating analysts’ consensus by a penny. Revenue climbed 18% to $2.33 billion, about $70 million below consensus, according to Thomson Reuters. Celgene affirmed its previous full-year Scalper1 News

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