Actelion Posts Rise In Q1 Profit, Lifts Forecast

ACTELION LIMITED ALIOY reported a 25 percent gain in its earnings for the first quarter and lifted its core earnings forecast for the full year. Actelion's quarterly net earnings surged to 159 million Swiss francs ($166 million), or 1.38 francs per share, versus 128 million francs, or 1.09 francs per share, in the year-ago period. Core net income jumped to 185 million francs from 170 million francs, while core EPS gained to 1.61 francs from 1.46 francs. Its revenue gained 10 percent to 515 million francs in the quarter, compared to 469 million francs. Actelion now projects 2015 core earnings in the low double-digit percentage range. Actelion shares rose 1.47 percent to close at $30.60 yesterday.