Vertex Shares Up 14.4% Since Q2 Earnings Beat

Earnings
โดย Zacks Investment Research·US·Read original
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Vertex Pharmaceuticals shares have risen about 14.4% since its second-quarter earnings report, outperforming the S&P 500. The company reported adjusted earnings of $4.73 per share, missing the Zacks Consensus Estimate of $4.79, but revenues of $3.33 billion beat expectations of $3.23 billion, up 12% year over year. Growth was driven by strong sales of cystic fibrosis drugs Trikafta and Alyftrek, as well as contributions from new products Journavx and Casgevy. Vertex raised its full-year 2026 revenue guidance to $13.10-$13.20 billion, up from a prior range of $12.95-$13.10 billion, and expects non-CF product revenues to exceed $500 million, representing over 185% year-over-year growth. The company also noted that its guidance does not reflect the pending Crinetics acquisition, expected to close in the third quarter.

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Biotech & Genomic Medicine▲ · 2 stocks
Vertex Pharmaceuticals Inc
VRTX
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Q2 revenue beat, raised full-year 2026 revenue guidance, and shares up 14.4% since the earnings report

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