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Regeneron reports strong Q4 earnings, exceeding estimates, despite mixed stock holdings by investors.
Institutional investor Argent Trust Co reduced its holdings in Regeneron Pharmaceuticals by 197 shares, down to 2,192 shares, worth $1.56 million.
Meanwhile, Phoenix Financial Ltd increased its holdings by 336 shares.
Despite the mixed investment activities, Regeneron reported strong Q4 earnings of $12.07 per share, exceeding analyst estimates by $0.86, with a 10.3% revenue increase year-over-year.
The company, known for its EYLEA injection for treating eye conditions, has a market cap of $59.73 billion.
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Regeneron informa de fuertes ganancias del cuarto trimestre, que superan las estimaciones, a pesar de las tenencias mixtas de acciones por parte de los inversores.