Biotech

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Acquisition Charges Hit Celgene

05/08/08 - 10:18 AM EDT

Elizabeth Trotta

Looking ahead, the company is expecting adjusted profit of $1.45 a share, including a 5 cent to 10 cent dilution from its Pharmion acquisition, on revenue of roughly $2.1 billion, a 60% increase year over year.

Wall Street analysts, who typically don't factor in one-time charges in their estimates, are looking for earnings of $1.52 a share on revenue of $2.15 billion.

"We think Celgene should easily exceed revenue guidance given strong Revlimid performance in 1Q that should continue through 2008, though Revlimid guidance of $1.25B was not updated," wrote JPMorgan's Meacham, who's estimating Revlimid sales of $1.35 billion for the year.

The company's previous guidance, sans its Pharmion acquisition, was for between $1.50 a share and $1.55 a share on total revenue of $1.8 billion.




1 2
» Next

Headlines & Perspectives

Biotech

Go To Section Home


05/08/08
ASCO Abstract Preview: ImClone, Genentech

The American Society of Clinical Oncology, for the first time, is making research abstracts freely available to everyone ahead of the cancer drug confab. Here's a cheat sheet.


05/07/08
Onyx's Strong Quarter Bolsters New CEO

Tony Coles' tenure got off to the right start with strong earnings and meaningful financial guidance.


05/06/08
Cephalon: 'Not Surprised' by FDA Panel Vote

The biotech doesn't expect financial impact in 2008 from an FDA panel's recommendation against expanded use of pain drug Fentora.


05/19/08
Cramer on Top Searched Stocks: Yahoo!

Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.


05/17/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


05/19/08
Top Rocket Stocks: Ensco

Ensco International and Echelon have the potential to move higher in coming days.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


05/19/08
Telecom Giants See a Savior in Video

The addition of video is helping telecom companies compete against cable and satellite companies.


05/19/08
Contract Expiration Tempers Oil's Rise

The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.


05/19/08
Analysts' Upgrades, Downgrades: Amazon

See who made what calls.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now.

Keep on top of the market and the critical information you need to make more profitable investing decisions.

  • Cramer's Daily Booyah!
  • Before the Bell

Privacy Policy

See All Free Newsletters

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!