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AZNCF - AstraZeneca: Surprise At ASCO May Mean New Highs Ahead
AstraZeneca Plc
Background
AstraZeneca (AZN) has been a strong stock market performer the past few years despite the following unimpressive results, as presented on page 2 of its 2019 Annual Report and comparing 2017 with 2019:
revenues up 8.5%
net cash flow from operating activities down 17%
reported operating profit down 20%
"core" operating profit down 6%
reported EPS down 57% to $0.515 per ADR
"core" EPS down 18%.
Yet the stock is up 50% since May 29, 2018, closing at $54.60 in US trading as of Friday, May 29.