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Vertex: Q2 Earnings Snapshot
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BOSTON (AP) — BOSTON (AP) — Vertex Pharmaceuticals Inc. (VRTX) on Monday reported second-quarter profit of $1.1 billion.

On a per-share basis, the Boston-based company said it had net income of $4.31. Earnings, adjusted for one-time gains and costs, came to $4.73 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.79 per share.

The drugmaker posted revenue of $3.33 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.23 billion.

Vertex expects full-year revenue in the range of $13.1 billion to $13.2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRTX at https://www.zacks.com/ap/VRTX

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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