Incyte's Fourth-Quarter Report Signals Better Times Ahead

On Thursday, Incyte (NASDAQ: INCY) reported results from 2019's fourth quarter that suggest 2020 could be a great year for the company, despite disappointing clinical trial results announced in January. 

Revenue surged 24% year over year to $579 million, which was slightly above the consensus estimate. On the bottom line, Incyte reported adjusted earnings of $0.65 per share for the quarter, which exceeded analysts' average expectation by 12%.

 

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Source Fool.com