Friday, April 29, 2016

Sanofi Q1 Net Profit Up, But Sales Down; Backs 2016 Earnings View; Stock Dips

French drug maker Sanofi reported Friday a higher profit in its first quarter, while net sales were hurt mainly by weak results in Diabetes unit and Venezuela. Excluding Venezuela. Aggregate Group sales increased 3 percent at constant exchange rates. Looking ahead, the company continues to expect 2016 business earnings per share to be broadly stable at CER.

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