WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Incyte Corp. (INCY) on Tuesday reported second-quarter net income of $405 million.
The Wilmington, Delaware-based company said it had profit of $2.04 per share. Earnings, adjusted for one-time gains and costs, came to $1.57 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The specialty drugmaker posted revenue of $1.22 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $1.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INCY at https://www.zacks.com/ap/INCY
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