Incyte (NASDAQ:INCY) issued its quarterly earnings data on Tuesday. The biopharmaceutical company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02), Briefing.com reports. The company had revenue of $449.68 million during the quarter, compared to analysts’ expectations of $448.34 million. Incyte had a positive return on equity of 1.74% and a negative net margin of 5.92%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share.
NASDAQ INCY traded up $4.23 on Wednesday, hitting $65.26. 40,248 shares of the stock traded hands, compared to its average volume of 1,450,602. Incyte has a 12 month low of $58.33 and a 12 month high of $117.95. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 100.91 and a beta of 1.12. The company has a current ratio of 4.34, a quick ratio of 4.32 and a debt-to-equity ratio of 0.01.
In other Incyte news, EVP Barry P. Flannelly sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $70.00, for a total transaction of $70,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paula J. Swain sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $73.21, for a total value of $732,100.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,000 shares of company stock valued at $2,202,100. 17.20% of the stock is owned by corporate insiders.
Incyte Company Profile
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States. It offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera cancers; and ICLUSIG, a kinase inhibitor for the treatment of chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia.
Featured Article: Investing strategies using the yield curve
Receive News & Ratings for Incyte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Incyte and related companies with MarketBeat.com's FREE daily email newsletter.