1251 GMT - Roche Holding's first-half results show impressive profitability for the Swiss drugmaker due to cost savings and lower-than-expected spending on research and development, Bernstein analysts say in a research note. The company's first-half core operating profit of 11.9 billion Swiss francs beat consensus estimates by 4%, with a 39% margin that was 142 basis points ahead of the consensus, according to Bernstein. Roche achieved that level of profitability by optimizing research-and-development investment, while savings reduced its selling, general and administration expenses, the analysts say. Nevertheless, the company reiterated its full-year guidance and consensus estimates seem unlikely to change, they add. Shares rise 1.9%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 08:52 ET (12:52 GMT)
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