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Regeneron beat earnings expectations in Q3, driving its stock up despite insider sales.
Regeneron Pharmaceuticals reported strong Q3 earnings, with EPS of $11.83 and revenue of $3.75 billion, exceeding expectations.
The stock rose to $769.69, aided by Scotiabank raising its price target to $770.
Analysts project full-year EPS of $35.92, and the stock holds a "Moderate Buy" consensus rating.
Institutional ownership remains high at 83.31%, while insiders including Director Christine A. Poon and VP Jason Pitofsky sold shares.
The company declared a quarterly dividend of $0.88, with a 0.5% yield.
EYLEA remains a key product in its pipeline.
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Regeneron superó las expectativas de ganancias en el tercer trimestre, impulsando su stock a pesar de las ventas internas.