Gilead Sciences Inc. Q3 Earnings Rise 61%

(RTTNews) - Gilead Sciences Inc. (GILD) released a profit for its third quarter that rose from last year.

The company said its bottom line totaled $4.84 billion, or $3.22 per share. This was higher than $3.01 billion, or $1.84 per share, in last year's third quarter.

Analysts had expected the company to earn $2.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 37.3% to $8.29 billion. This was up from $6.04 billion last year.

Gilead Sciences Inc. earnings at a glance:

-Earnings (Q3): $4.84 Bln. vs. $3.01 Bln. last year. -Earnings Growth (Y-o-Y): 60.8% -EPS (Q3): $3.22 vs. $1.84 last year. -EPS Growth (Y-o-Y): 75.0% -Analysts Estimate: $2.89 -Revenue (Q3): $8.29 Bln vs. $6.04 Bln last year. -Revenue Change (Y-o-Y): 37.3%

-Guidance: Full year EPS guidance: $0.82 - $0.87 Full year revenue guidance: $30.0 - $31.0 Bln