Biogen Reports $266.8 Million Quarterly Profit
By USinMinutes - Feb 12, 2025, 07:07 AM ET
Last Updated - Feb 12, 2025, 07:07 AM EST
The company records $2.5 billion revenue for Q4 ended Dec 31, 2024
BIOGEN INC. [BIIB] reported $266.8 million profit for Q4 ended Dec 31, 2024, showing an increase of $17.1 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 12, 2025 that it generated revenue of $2.5 billion for the period, showing an increase of $68.4 million in the same quarter of the previous year.
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Based in Cambridge, Massachusetts, the company reported $1.8 earnings per share for the period, compared to $1.7 in the last quarter.
The company's profit increased by 6.85% from $249.7 million in the last quarter.
The revenue increased 2.86% from $2.4 billion in the same quarter of the previous year.
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