GSK Q4 earnings beat expectations, driven by strong performance of HIV and asthma drugs
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Glonghui, February 4th|British pharmaceutical giant GlaxoSmithKline released its financial report on Wednesday, showing that thanks to the strong performance of its HIV and asthma drugs, the company's fourth-quarter profits exceeded expectations. The UK-based pharmaceutical company stated that adjusted earnings per share, excluding certain items, were 25.5 pence, higher than analysts' expectations. The company expects profit growth this year to be between 7% and 9%. Previously, some analysts had forecast earnings per share growth guidance of around 6% to 8%. Newly appointed CEO Luke Miels has set a highly ambitious target that is likely to be surpassed, and sales of the cancer drug Blenrep are also expected to boost revenue this year.
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