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Incyte's Fourth-Quarter Report Signals Better Times Ahead

TheMotleyFool

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Incyte's Fourth-Quarter Report Signals Better Times AheadPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png

On Thursday, Incyte (NASDAQ: INCY) reported results from 2019's fourth quarter that suggest 2020 could be a great year for the company, despite disappointing clinical trial results announced in January.

Revenue surged 24% year over year to $579 million, which was slightly above the consensus estimate. On the bottom line, Incyte reported adjusted earnings of $0.65 per share for the quarter, which exceeded analysts' average expectation by 12%.

Source Fool.com

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