5 Stocks Making Headlines Following Earnings Reports

In this article, we discuss the 5 stocks making headlines following earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Headlines Following Earnings Reports. 

5. Biogen Inc. (NASDAQ:BIIB)

Number of Hedge Fund Holders: 66

Shares of Biogen Inc. (NASDAQ:BIIB) fell over two percent on Thursday, February 3, 2022, after issuing a weak full-year outlook along with its fourth-quarter results.

The Massachusetts-based biotechnology company expects adjusted earnings in the range of $14.25 – $16.00 per share and revenue between $9.7 – $10.0 billion for 2022. The guidance missed analysts’ average estimate of $18.85 per share for earnings and $10.34 billion for revenue.

For the fourth quarter, Biogen Inc. (NASDAQ:BIIB) reported adjusted earnings of $3.39 per share, nearly in line with the expectations. Moreover, the quarterly revenue of $2.73 billion topped the consensus forecast of $2.62 billion.

Discussing the results, CEO of Biogen Inc. (NASDAQ:BIIB), Michel Vounatsos, said:

“Biogen continued to execute well in the fourth quarter despite the challenges we have faced. We have introduced the first FDA-approved treatment for Alzheimer’s disease in nearly 20 years, and we are engaging with the Centers for Medicare and Medicaid Services with the hope of finding a path for immediate patient access.”