Tuesday, 19 April 2016

Roche confirms full-year 2016 outlook as first-quarter sales beat forecast



ZURICH (Reuters) - Swiss drugmaker Roche (ROG.S) reiterated on Tuesday that it expects to achieve its full-year targets after sales during the first three months of 2016 rose 4 percent, beating analyst expectations.
The Basel-based company expects sales to grow in the low- to mid-single-digit percentages at constant exchange rates, with faster growth of core earnings per share. It plans to boost its dividend in Swiss francs.
In a statement, Roche said first-quarter sales rose to 12.4 billion Swiss francs (8.9 billion pounds) compared to the 12.3 billion francs forecast by analysts in a Reuters poll.
(Reporting by John Miller)

Reuters

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