Market Overview

Gilead Ticks Higher After Q2 Earnings Beat


Gilead Sciences, Inc. (NASDAQ: GILD) shares are slightly higher after reporting a second-quarter earnings beat.

Adjusted earnings came in at $1.82, beating estimates by 10 cents. Sales came in at $5.685 billion, beating estimates by $175 million.

The company raised 2019 product sales guidance from $21.3 billion-$21.8 billion to $21.6 billion-$22.1 billion.

"I am very pleased with Gilead's performance and our ability to continue to reach patients around the world with our medicines. I am also very excited about the progress we are making to strengthen our pipeline, including the recently announced Galapagos collaboration, to bring forward our next generation of products," said CEO Daniel O'Day.

"We saw strong revenue growth quarter-over-quarter, primarily driven by our HIV medicines and the rapid adoption of Biktarvy. Based on this momentum and our confidence in the outlook for the coming months, we are raising our full-year product sales guidance for 2019."


  • Total product sales increased $100 million year-over-year
  • HIV product sales were $4 billion, up from $3.7 billion year-over-year

Gilead shares traded up about 1% at $67.75 in the after-hours session.

Related Links:

Gilead, Lyndra Therapeutics Partner On Ultra-Long-Acting HIV Drugs

RBC On Gilead: 'A Compelling Opportunity To Build A Long-Term Position'


Related Articles (GILD)

View Comments and Join the Discussion!

Posted-In: Daniel O'DayEarnings News Guidance After-Hours Center Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at