ADVERTISEMENT

Organon: Q1 Earnings Snapshot

May 5, 2022 GMT

JERSEY CITY, N.J. (AP) _ Organon & Co. (OGN) on Thursday reported first-quarter earnings of $348 million.

On a per-share basis, the Jersey City, New Jersey-based company said it had net income of $1.36. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.65 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The pharmaceutical company posted revenue of $1.57 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.51 billion.

Organon expects full-year revenue in the range of $6.1 billion to $6.4 billion.

_____

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