AstraZeneca’s 1Q profit, revenue beat expectations FMTNews FMTBusiness
London-listed drugmaker AstraZeneca reported adjusted profit of US$1.92 per share on sales of about US$10.9 billion.
Analysts on average were expecting US$1.71 per share on sales of about US$10.6 billion, according to company-compiled consensus estimates. Excluding sales of its Covid-19 products, sales grew 22% to US$3.1 billion in emerging markets on a constant currency basis. Sales in China were hurt by lower drug prices while its tough zero-Covid policy, which was abandoned in December, have kept some patients from being diagnosed and seeking care.
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