Jazz Pharmaceuticals Reports Q2 2023 Net Income Of $104.4M, What About Total Revenues?
Portfolio Pulse from Joana Scopel
Jazz Pharmaceuticals reported Q2 2023 financial results, with GAAP net income of $104.4 million, up from $34.7 million in Q2 2022. Non-GAAP adjusted net income reached $325.1 million, up from $305.5 million in Q2 2022. Total revenues increased by 3% compared to Q2 2022. Neuroscience revenue was steady at $696.9 million, while oncology net product sales increased by 10% to $252.2 million. The company's financial position as of June 30, 2023, included $1.4 billion in cash and investments, and $5.8 billion in long-term debt. The company also repurchased approximately $100 million of shares.
August 09, 2023 | 11:37 pm
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Jazz Pharmaceuticals reported strong Q2 2023 results, with significant increases in net income and revenues. The company also repurchased $100 million of shares.
The strong Q2 2023 results, with significant increases in net income and revenues, indicate a positive financial performance for Jazz Pharmaceuticals. The company's share repurchase also demonstrates confidence in its stock, which could potentially drive the stock price up in the short term.
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RELEVANCE 100