AstraZeneca Reiterates Its 2024 Guidance: Expects Total Revenue And Core EPS To Increase By A Low Double-Digit To Low Teens Percentage At CER
Author: Benzinga Newsdesk | April 25, 2024 02:09am
Guidance
The Company reiterates its Total Revenue and Core EPS guidance for FY 2024 at CER, based on the average foreign exchange rates through 2023.
- Total Revenue is expected to increase by a low double-digit to low teens percentage
- Core EPS is expected to increase by a low double-digit to low teens percentage
- Collaboration Revenue is expected to increase substantially, driven by success-based milestones and certain anticipated transactions
- Other operating income is expected to decrease substantially (FY 2023 included a $241m gain on the disposal of Pulmicort Flexhaler US rights, and a $712m one-time gain relating to updates to contractual arrangements for Beyfortus)
- The Core Tax rate is expected to be between 18-22%
Posted In: AZN