GlaxoSmithKline Q3 Results - Q3 Top Pharma Company Earnings Reports

View GlaxoSmithKline's Q3 Earnings Report

FiercePharma says: Emerging markets are paying off for GlaxoSmithKline, but it's pandemic flu that's really accelerating sales. Third-quarter profits jumped by 30 percent to £1.34 billion ($2.18 billion), partly on currency effects, while sales grew 15 percent to £6.76 billion ($11.05 billion). Read more...

Highlights

  • Return to sales growth with Q3 turnover +3% CER; +15% sterling
  • Continued improvement expected in Q4
  • Portfolio diversification and investment in key areas drives return to sales growth: Emerging Markets (+25%); Japan (+19%) and Consumer Healthcare (+8%)
  • Further growth expected in Q4 2009 including significant sales of influenza products
  • US sales -12% primarily due to continued adverse impact of generic competition

Check out GSK's current estimates from CNN Money

GSK's Website: http://www.gsk.com/

GlaxoSmithKline Q3 Results - Q3 Top Pharma Company Earnings Reports
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