Total revenue in the June quarter was $1.59 billion, an increase of 17 percent from the prior year. Celgene's generates most of its sales from the multiple myeloma drug Revlimid. The drug turned in a strong second-quarter performance with sales of $1.05 billion just beating consensus expectations of $1.04 billion.
Two other Celgene cancer drugs -- Abraxane and the newly launched Pomalyst -- recorded second-quarter sales of $155 million and $66 million, respectively.
The robust top-line performance helped Celgene beat profit expectations for the quarter. Adjusted net income increased 20 percent to $653 million over the prior year, translating into earnings of $1.52 per share, or 8 cents per share better than consensus expectations.Celgene increased earnings and revenue guidance for the rest of the year. Adjusted earnings are now expected to be in the range of $5.80 to $5.90 per share compared to current consensus of $5.74 per share. Total net product sales guidance was raised to $6.2 billion from $6 billion, while Revlimid sales for 2013 are now expected to total $4.2 billion to $4.3 billion. -- Reported by Adam Feuerstein in Boston. Follow @AdamFeuerstein
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