1516 GMT - Sanofi is expected to report lower adjusted profit for the first quarter on sales that are forecast to be little changed compared with the same period last year, according to consensus estimates provided by Visible Alpha. Analysts expect it to report EUR2.75 billion euros in business operating profit--one of its preferred metrics, which strips out exceptional items--on sales of EUR10.27 billion, according to a poll of 14 analysts by Visible Alpha. This compares with EUR3.33 billion in business operating profit and sales of EUR10.22 billion it reported for the year-earlier period. The French pharmaceutical major is scheduled to report results for the first quarter on Thursday. Shares fall 1.5% and are down 2.5% year to date. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
April 24, 2024 11:16 ET (15:16 GMT)
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