Gilead Sciences, Inc. (NASDAQ:GILD) released its first-quarter results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: Gilead Sciences reported quarterly earnings of $1.81 per share, which beat the analyst consensus estimate of $1.76. Quarterly revenue came in at $6.67 billion, which missed the analyst consensus estimate of $6.77 billion and is a decrease from revenue of $6.69 billion year-over-year.

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For the first quarter, the company reported:

“Gilead had a strong start to the year driven by excellent commercial and clinical execution along with disciplined expense management,” said Daniel O’Day, Gilead’s CEO.

“Our base business grew 4% year-over-year, primarily led by Biktarvy’s continued strength, and we announced positive topline Phase 3 results for Trodelvy plus pembrolizumab in first line PD-L1+ metastatic triple negative breast cancer,” O’Day added.

Outlook: Gilead Sciences lowered its fiscal 2025 earnings guidance from a range of $5.95 to $6.35 per share to a range of $5.65 to $6.05 per share, versus the $6.21 estimate.

GILD Price Action: According to data from Benzinga Pro, Gilead Sciences stock was down 3.34% after hours at $102.70 on Thursday.  

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