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Celgene updates guidance at JPMorgan conference

Jan. 13, 2014 11:41 AM ETCelgene Corporation (CELG) StockCELGBy: Colin Lokey, SA News Editor11 Comments
  • Shares of Celgene (CELG -1.3%) are on the move as the company presents at the JPMorgan Healthcare Conference.
  • The stock initially spiked as the company updated its guidance, but the shares have since reversed course.
  • 2013 adjusted EPS: $5.96 versus consensus of $6.
  • Revlimid: 2013 sales, $4.28B (+14% Y/Y); 2017 guidance, $7B (+$1B from previous).
  • Pomalyst: 2017 sales guidance, $1.5B.
  • 2017 EPS guidance: "At least $15" versus previous guidance of $13-14.
  • 2017 revenue guidance: $13-14B (up from $12B).
  • Presentation is here.

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