GSK: Q1 revenue increases 6% to £7.3 billion - Breaking The News

GSK: Q1 revenue increases 6% to £7.3 billion

1 May

1 min read

EPA-EFE/TERESA SUAREZ

GSK announced Wednesday that revenue in the first quarter of fiscal 2024 was £7.36 billion, up 6% from the same quarter in 2023 on an AER basis and exceeding expectations. Total operating profit for the first quarter came at £1.5 billion. Total earnings per share increased 30% year-on-year to 25.7p

For 2024, GSK anticipates a turnover growth ranging between 5% and 7%, along with core EPS growth of 8% to 10%. Regarding dividends, the company declared a dividend of 15p for the first quarter of 2024 and 60p for the entire year.

"We have made a strong start to 2024, with another quarter of excellent performance and continued pipeline progress, including positive data read outs for 4 phase III medicines […] We expect this strong momentum to continue, and look forward to delivering another year of meaningful growth in sales and earnings in 2024," CEO Emma Walmsley noted.

earnings gsk

Related Stocks

GlaxoSmithKline

PREVIEW: Apple braces for tough Q2 amid stock slump, AI delays, tariff risks

10 minutes ago

Once a dominant force in shaping market sentiment, the influence of the "Magnificent Seven"—a group of tech giants that includes Apple—has begun to wane under current market conditions. While still central to the narrative of the ongoing AI revolution, Apple is entering a critical moment as it prepares to release its Q2 2025 earnings report. The outlook is far from optimistic. As of today, Apple's stock has fallen 15% year-to-date, with a steady 4% monthly...

Mastercard's Q1 net revenue up 14% to $7.3B

an hour ago

Mastercard reported Thursday that first-quarter revenue climbed 14% year-over-year to $7.3 billion, driven by robust growth in cross-border transactions and payment volumes. Net income reached $3.3 billion for the quarter, marking a 9% increase from the same period last year. The company attributed the gain to continued momentum in both its core payment network and value-added services, including security and digital solutions. Diluted earnings per...

PREVIEW: Can Amazon's Q1 digits boost sentiment amid tariffs?

an hour ago

Amazon.com Inc. is releasing its earnings report later today, with analysts anticipating a revenue of $155 billion in the first quarter of fiscal 2025, an 8% jump compared to the same timeframe a year ago. Earnings per share are seen soaring some 39% to $1.36. While Amazon is expected to post solid numbers, investors will likely be focusing on the company's future plans and financial outlook, as uncertainty around global trade and tariffs remains high....

McDonald's revenue in Q1 at $5.9 billion, down 3%

2 hours ago

McDonald's Corporation announced on Tuesday that its revenue in the first quarter of fiscal 2025 came in at $5.9 billion, down 3% on an annual level, and below market estimates.In the three months ending March 31, year over year, while net income decreased 3% to stand at $1.87 billion, diluted earnings per share slumped by 2%, amounting to $2.60. Operating income in the reported trimester saw a dip of 3%, coming in at $2.64 billion."McDonald's has a...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.