AstraZeneca Falls After 3Q Profit Miss
0859 GMT - Shares in AstraZeneca drop 2.7% after the pharmaceutical giant posted results for the third quarter of the year. Core Ebit of $2.28 billion was 14% below consensus, reflecting a lower gross margin likely related to no-profit vaccine supply, plus higher research and development and selling, general and administrative expenses, Jefferies says. In addition, sales were 1% below consensus, with many key growth drivers shy of expectations, although weakness in oncology was widely anticipated, the bank says. Jefferies has a buy rating on AstraZeneca. (jaime.llinares@wsj.com)
Companies News:
Land Securities Sells London Property for GBP196.5 Mln
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TheWorks.co.uk Says Strong 1H Offset Extra Logistics Costs, Backs FY Guidance
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Wood Group Cuts 2021 Guidance, Launches Review of Built-Environment Business
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AstraZeneca Swung to 3Q Loss Despite Higher Revenue; Continues to Lose Money From Covid-19 Vaccine
AstraZeneca PLC on Friday posted a net loss for the third quarter despite a jump in revenue, and said it continued to lose money from the development of its coronavirus vaccine.
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Redrow Sees FY 2022 Performance Close to Pre-Pandemic Levels
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600 Group Trading in Line With Views; Forward Order Book Above Pre-Covid Levels
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Block Energy Shares Fall as WR-B1a Well Misses Production Targets
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Northern Bear Expects 1H 2022 Adjusted Operating Profit to Rise; Shares Climb
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Castings Swung to 1H Pretax Profit; Warns of Supply-Chain Impacts
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IG Group Completes Debt Refinancing
IG Group Holdings PLC on Friday announced a 600 million pound ($802.1 million) debt refinancing to support its growth ambitions.
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Samuel Heath & Sons Swung to 1H Pretax Profit as Sales Rebounded
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