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Gilead: Q2 Earnings Snapshot
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FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Gilead Sciences Inc. (GILD) on Tuesday reported a loss of $10.5 billion in its second quarter.

The Foster City, California-based company said it had a loss of $8.45 per share. Losses, adjusted for non-recurring costs, came to $6.75 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $7.07 per share.

The HIV and hepatitis C drugmaker posted revenue of $7.8 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $7.37 billion.

Gilead expects full-year results to range from a loss of 65 cents per share to a loss of 30 cents per share.

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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 GILD at https://www.zacks.com/ap/GILD

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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