Sanofi Q4 Profit Down 72%

Sanofi

posted a 72% drop in its fourth quarter profit. Sanofi's quarterly net profit fell to 410 million euros ($553.5 million). Its sales came in at EUR8.53 billion, versus analysts' estimates of EUR8.5 billion. Its business net profit declined 25% in the period. Sanofi shares closed at $47.34 yesterday.