U.S. Markets closed

Sanofi: 1Q Earnings Snapshot

PARIS (AP) _ Sanofi (SNY) on Friday reported first-quarter earnings of $1.29 billion.

On a per-share basis, the Paris-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring costs, were 81 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The drugmaker posted revenue of $9.53 billion in the period.

Sanofi shares have declined 5 percent since the beginning of the year. The stock has increased almost 3 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNY at https://www.zacks.com/ap/SNY