RTTNews | Jul 29, 2021 10:27PM EDT

22:26 Thursday, July 29, 2021 (RTTNews.com) - Gilead Sciences Inc. (GILD) said it now expects GAAP earnings per share for the fiscal year 2021 to between $4.70 and $5.05, compared to the prior estimation of $4.75 to $5.45.

The company projects annual non-GAAP earnings per share to be in range of $6.90 - $7.25, compared to the previous outlook of $6.75 to $7.45. Analysts polled by Thomson Reuters expect the company to report earnings of $7.07 per share fiscal year 2021. Analysts' estimates typically exclude special items.

The company now expects total product sales for fiscal year 2021 to be between $24.4 billion and $25.0 billion, compared to the prior outlook of $23.7 billion and $25.1 billion, reflecting solid results in the first half of the year and updated expectations for the second half of 2021. Analysts expect revenue of $24.64 billion.

Read the original article on RTTNews ( https://www.rttnews.com/3213864/gilead-sciences-updates-fy-outlook.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved