U.S. Stock Movement | BeiGene rises 3.5% pre-market as Q1 earnings impress
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Gelonghui July 13th|BeiGene is up 3.5% in pre-market trading, at $309.1. On July 10th, BeiGene released its quarterly report: revenue reached $1.513 billion, up 35% year-on-year, and net profit attributable to shareholders was $227 million, marking the fifth consecutive quarter of GAAP profitability. The company also raised its full-year revenue guidance to 43.6–45.2 billion yuan. During the period, revenue growth greatly outpaced expense growth, and global sales of high-margin Zanubrutinib reached $1.1 billion in a single quarter.
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