BRIEF-Gilead Sciences Reports Q4 Non-GAAP Earnings Per Share Of $2.19

Feb 4 (Reuters) - Gilead Sciences Inc GILD.O:

• GILEAD SCIENCES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2020 FINANCIAL RESULTS

• Q4 NON-GAAP EARNINGS PER SHARE $2.19

• Q4 EARNINGS PER SHARE $1.23

• SEES FY 2021 NON-GAAP EARNINGS PER SHARE $6.75 TO $7.45

• Q4 EARNINGS PER SHARE ESTIMATE $2.15 -- REFINITIV IBES DATA

• SEES 2021 PRODUCT SALES INCLUDING VEKLURY OF $23.7 BILLION TO $25.1 BILLION

• SEES FULL YEAR 2021 OPERATING EXPENSES FLAT TO LOW SINGLE-DIGIT PERCENTAGE DECLINE

• VEKLURY SALES WERE $1.9 BILLION FOR Q4

• FY2021 EARNINGS PER SHARE VIEW $6.85, REVENUE VIEW $24.27 BILLION -- REFINITIV IBES DATA

• QTRLY TOTAL REVENUES $7,421 MILLION VERSUS $5,879 MILLION

• QTRLY PRODUCT SALES INCREASED 26% TO $7.3 BILLION, PRIMARILY DUE TO VEKLURY

• COVID-19 PANDEMIC CONTINUES TO IMPACT GILEAD'S BUSINESS AND BROADER MARKET DYNAMICS, INCLUDING HCV AND HIV MARKET VOLUME

• EXPECTS A GRADUAL RECOVERY IN UNDERLYING MARKET DYNAMICS STARTING Q2 2021.

• EXPECTS PATIENTS WITH HCV WILL BEGIN TO INITIATE TREATMENT BY Q2 2021.

• TRUVADA AND ATRIPLA SALES ARE EXPECTED TO CONTINUE TO DECLINE IN Q1 2021

• TRUVADA AND ATRIPLA SALES ARE ALSO EXPECTED TO CONTINUE TO DECLINE BEYOND Q1 2021

• BIKTARVY, TRODELVY, VEMLIDY AND CELL THERAPY ARE EXPECTED TO BE KEY GROWTH DRIVERS IN 2021

• SEES FULL YEAR 2021 VEKLURY SALES $2,000 MILLION - $3,000 MILLION

• Q4 REVENUE VIEW $7.33 BILLION -- REFINITIV IBES DATA

• SEES FY 2021 GAAP DILUTED EPS $5.25 - $5.95

Source text for Eikon: ID:nBw239Yka

Further company coverage: GILD.O

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