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Shares of Alexion Pharmaceuticals (ALXN) - Get Alexion Pharmaceuticals, Inc. Report jumped Wednesday after the rare disease drugmaker blew past analysts' earnings estimates with a strong third quarter.

Alexion's stock price rose 6.22% to $105.46 after the Boston-based drug development company reported non-GAAP earnings per share of $2.79 for the third quarter. That was well above the $2.49-a-share estimate of analysts surveyed by Zacks Investment Research and a 38% increase from the third quarter of 2018.

Third-quarter revenue surged as well, hitting $1.263 billion after rising 23% from the same quarter last year, the company said.

Sales of Soliris, the Boston-based pharma company's treatment for a rare blood disorder, rose 12% in the third quarter to $990.5 million, up from $880 million during the same period last year.

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"We have delivered another record performance in the third quarter, building on our momentum from the first half of 2019," said CEO Ludwig Hantson in a press statement.

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