Celgene Corporation Earnings Advance 28% In Q1

(RTTNews) - Celgene Corporation (CELG) revealed a profit for its first quarter that gained ground from last year.

The company said its bottom line totaled $1.36 billion, or $1.68 per share. This was higher than $1.06 billion, or $1.32 per share, in last year's first quarter.

Analysts had expected the company to earn $1.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.9% to $2.96 billion. This was up from $2.51 billion last year.

Celgene Corporation earnings at a glance:

-Earnings (Q1): $1.36 Bln. vs. $1.06 Bln. last year. -Earnings Growth (Y-o-Y): 28.3% -EPS (Q1): $1.68 vs. $1.32 last year. -EPS Growth (Y-o-Y): 27.3% -Analysts Estimate: $1.64 -Revenue (Q1): $2.96 Bln vs. $2.51 Bln last year. -Revenue Change (Y-o-Y): 17.9%

-Guidance: Full year EPS guidance: $7.10 - $7.25 Full year revenue guidance: $13.0- $13.4 Bln