© Reuters. FILE PHOTO: A logo on the Sanofi exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier
(Reuters) – French drugmaker Sanofi (NASDAQ:) on Friday projected faster earnings growth this year on strong demand for its bestselling drug Dupixent and for its flu vaccines.
In a statement, Sanofi said it now expects 2022 adjusted earnings per share to grow by about 16%, not taking into account an expected positive currency impact of between 9.5% and 10.5%.
It had previously forecast adjusted earnings per share to grow by a currency-adjusted 15%.
Sanofi’s third-quarter business operating income, or adjusted earnings before interest and tax, rose 26.5% to 4.5 billion euros ($4.49 billion), well ahead of an average analyst estimate of 4.17 billion euros.
A strong U.S. dollar also boosted the value of its overseas revenues.
($1 = 1.0015 euros)
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