{"id":112309,"date":"2021-02-11T08:18:34","date_gmt":"2021-02-11T08:18:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112309"},"modified":"2021-02-11T08:18:34","modified_gmt":"2021-02-11T08:18:34","slug":"astrazeneca-forecasts-2021-growth-after-fourth-quarter-sales-beat","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/astrazeneca-forecasts-2021-growth-after-fourth-quarter-sales-beat\/","title":{"rendered":"AstraZeneca forecasts 2021 growth after fourth-quarter sales beat"},"content":{"rendered":"<figcaption>FILE PHOTO: A small shopping basket filled with vials labeled &#8220;COVID-19 &#8211; Coronavirus Vaccine&#8221; and a medical sryinge are placed on a AstraZeneca logo in this illustration taken November 29, 2020.   REUTERS\/Dado Ruvic\/Ilustration\/File Photo<\/figcaption><p>(Reuters) &#8211; AstraZeneca on Thursday forecast 2021 revenue growth after the COVID-19 vaccine developer beat analysts\u2019 estimates for fourth-quarter product sales, as a wide range of therapies helped cushion the hit from the pandemic.<\/p>\n<p>The British drugmaker said it expects 2021 revenues to increase by a low teens percentage, with \u201cfaster growth\u201d in core earnings to $4.75 to $5.00 per share. Quarterly product sales of $7.01 billion surpassed a company-compiled consensus of $6.81 billion.<\/p>\n<p>2020 was a crucial year for AstraZeneca. It teamed up with the University of Oxford to develop a COVID-19 vaccine, and made its largest ever deal by buying U.S. drugmaker Alexion for $39 billion as it bet on rare-disease and immunology drugs.<\/p>\n<p>The London-listed company said its forecast did not include any impact from its COVID-19 vaccine, adding it intended to break out sales from the shot beginning in the first quarter this year.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-astrazeneca-results\/astrazeneca-forecasts-2021-growth-after-fourth-quarter-sales-beat-idUSKBN2AB0KS\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A small shopping basket filled<\/p>\n","protected":false},"author":3,"featured_media":112308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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