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Biogen Q1 adjusted earnings beat estimates comparing to last year

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Christian Fernsby |
Biogen Q1
Biogen   The company's profit totaled $1.41 billion, or $7.15 per share

Biogen revealed a profit for its first quarter that rose from the same period last year.

The company's profit totaled $1.41 billion, or $7.15 per share. This compares with $1.17 billion, or $5.54 per share, in last year's first quarter.

Excluding items, Biogen Inc. reported adjusted earnings of $1.37 billion or $6.98 per share for the period.

Analysts had expected the company to earn $6.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.5% to $3.49 billion from $3.13 billion last year.

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