Gilead Sciences (GILD) Stock Up Following Earnings Beat, Higher 2015 Sales Forecast

NEW YORK (TheStreet) -- Shares of Gilead Sciences Inc (GILD) are up 1.08% to $106.14 in midday trading Monday, continuing its gains from the past two sessions following the biotech giant's better than expected first quarter earnings results late Thursday.

Gilead earned $2.94 per share for the first quarter, surpassing the consensus estimate of $2.32 per share, according to analysts polled by Thomson Reuters.

Revenue came in at $7.59 billion for the period, also surpassing the consensus estimate of $6.92 billion.

The company raised its guidance for the full year. For 2015, the company now expects net product sales of between $28 billion to $29 billion, versus its prior forecast of between $26 billion to $27 billion.

Gilead is a research-based biopharmaceutical company that discovers, develops and commercializes medicines.

The company's primary areas of focus include human immunodeficiency virus, liver diseases, oncology and respiratory conditions.

Gilead's products include Atripla, Truvada, Viread, Complera/Eviplera, Emtriva, Hepsera, Letairis, Ranexa, Lexiscan/Rapiscan, AmBisome, Vistide, Macugen, Cayston and Tamiflu.

Separately, TheStreet Ratings team rates GILEAD SCIENCES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate GILEAD SCIENCES INC (GILD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

You can view the full analysis from the report here: GILD Ratings Report

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