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GLPGF - Hold Gilead On Potential To Treat The Coronavirus
Galapagos Genomics Ord
Source: Barron's
Gilead (GILD) reported a Q4 revenue of $5.88 billion, Non-GAAP EPS of $1.30 and GAAP EPS of $2.12. The stock is flat post-earnings. I have been bearish on Gilead for a few years now. The company's top line has gone through fits and starts and it will likely continue through 2020. Its total product sales of $5.8 billion rose 5% sequentially and 2% Y/Y. The sequential revenue growth was positive, but can Gilead maintain the momentum?
HIV revenue rose 9% Q/Q, while HCV revenue fell 7%. Results for Q3 2019 were