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Sanofi Q3 earnings beat market view, boosted by vaccine sales

2024.10.25 01:36

(Reuters) – French drug maker Sanofi (NASDAQ:) on Friday posted stronger earnings growth than analysts had expected in the third quarter, helped by earlier-than-anticipated sales of seasonal vaccines.

Quarterly business operating income, excluding one-off items, rose by 14.4% to 4.6 billion euros ($5.0 billion), surpassing the average analyst estimate of 4 billion euros in a poll posted on the company’s website.

© Reuters. Sanofi logo at the company's headquarters during the annual results news conference in Paris, France, February 4, 2022. REUTERS/Benoit Tessier/ File Photo

Vaccines sales rose a currency-adjusted 25.5% to 3.8 billion euros in the quarter, ahead of a 3.2 billion euro analyst consensus.

The French drugmaker said this was boosted by earlier prescriptions for flu shots and for Beyfortus, a drug to protect infants from a common respiratory virus.



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