India's GlaxoSmithKline Pharmaceuticals reported a higher adjusted third-quarter profit on Friday, led by sustained demand for its respiratory drugs and antibiotic Augmentin.
Shore Capital has reiterated its ‘buy' rating on GSK PLC (LSE:GSK, NYSE:GSK), highlighting the strength of its speciality medicines business as the driving force behind future growth. Despite challenges in the vaccines segment, the investment bank believes GSK remains well-positioned to meet its post-demerger growth targets.
Healthcare stock investors have been feeling rather sick about the potential changes the Trump Administration may bring.
GSK's 2024 results are strong, with a promising shift toward specialty medicines, particularly in HIV, respiratory conditions, and cancer, driving long-term growth. Key drugs Blenrep and Depemokimab show significant potential, with impressive Phase 3 results, expected to boost GSK's revenues by an extra £7 billion. Despite some IRA and clinical trial risks, GSK's focus on specialty medicines and stable margins make it a compelling blue-chip investment, currently undervalued.
UBS has raised its target price for GSK PLC (LSE:GSK, NYSE:GSK) from £15.80 to £16, following a better-than-expected full-year earnings report and a focus on improving shareholder returns. The pharmaceutical company's 2025 guidance suggests 3-5% sales growth, despite anticipated weakness in vaccine sales and a £400-500 million impact from U.S.
GSK Plc's (GSK) U.S.-listed shares surged Wednesday after the pharmaceutical firm boosted its long-term outlook and launched a stock buyback on the back of optimism about sales of its new drugs.
GSK plc (NYSE:GSK ) Q4 2024 Earnings Conference Call February 5, 2025 5:45 AM ET Company Participants Dame Emma Walmsley - Chief Executive Officer Luke Miels - Chief Commercial Officer Julie Brown - Chief Financial Officer David Redfern - President Corporate Development Tony Wood - Chief Scientific Officer Conference Call Participants Emily Field - Barclays Bank Richard Parkes - BNPP Exane Peter Welford - Jefferies Steve Scala - TD Cowen Rajan Sharma - Goldman Sachs Justin Smith - Bernstein Graham Parry - Bank of America James Gordon - JPMorgan Chase Operator Hello, everyone. Welcome to today's call and webcast.
GSK reports better-than-expected Q4 earnings. It also announces a new share buyback program and raises the long-term sales outlook for 2031 by $2 billion.
GSK delivered a mixed fourth-quarter report Wednesday, but GSK stock surged on its long-term outlook for more than $50 billion in sales. The post GSK Surges 7% After Bumping Its 2031 Outlook To North Of $50 Billion appeared first on Investor's Business Daily.
GSK (GSK) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.72 per share a year ago.
Wednesday, GSK Plc GSK reported fourth-quarter sales of $10.40 billion (8.12 billion Sterling Pounds), up 1% year-over-year and up 4% on constant currency. The analysts estimated sales of $9.58 billion.
Shares of British pharmaceutical giant GSK surged on Wednesday after the company raised its long-term sales forecast and reported strong financial results for 2024. The stock climbed 5.9% in early trading, making it the top performer on the FTSE 100 and on track for its biggest one-day gain since 2022.