Celgene Corporation Bottom Line Climbs 24% In Q3

(RTTNews) - Celgene Corporation (CELG) announced earnings for its third quarter that advanced from last year.

The company said its bottom line came in at $1.56 billion, or $1.91 per share. This was higher than $1.26 billion, or $1.58 per share, in last year's third quarter.

Analysts had expected the company to earn $1.87 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.4% to $3.29 billion. This was up from $2.98 billion last year.

Celgene Corporation earnings at a glance:

-Earnings (Q3): $1.56 Bln. vs. $1.26 Bln. last year. -Earnings Growth (Y-o-Y): 23.8% -EPS (Q3): $1.91 vs. $1.58 last year. -EPS Growth (Y-o-Y): 20.9% -Analysts Estimate: $1.87 -Revenue (Q3): $3.29 Bln vs. $2.98 Bln last year. -Revenue Change (Y-o-Y): 10.4%

-Guidance: Full year EPS guidance: $7.30 to $7.35 Full year revenue guidance: Approx. $13.0 Bln