Gilead Sciences Q4 Profit Up - Quick Facts

(RTTNews) - Gilead Sciences Inc. (GILD) Tuesday reported fourth-quarter profit of $791.4 million or $0.47 per share, up from $762.5 million or $0.47 per share in the same period last year.

Adjusted earnings for the quarter were $929.8 million or $0.55 per share. On average, 28 analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 21 percent to $3.12 billion from $2.59 billion last year. Analysts expected revenues of $2.86 billion.

Looking ahead to the fiscal year 2014, the company currently projects adjusted earnings in the range of $0.63 to $0.66 per share, with product sales in the order of $11.30 billion to $11.50 billion.

Analysts currently expect the company to report full-year earnings of $3.33 per share on revenues of $14.56 billion.