Sanofi (France) (SAN.PA)'s Q3 China Revenues Increase at Slower 5% Rate
11/1/2013 9:30:08 AM
by Richard Daverman, PhD
October 31, 2013 -- Sanofi’s global revenues dropped 6.7% to $11.6 billion in Q3, a disappointment. The company said a modest 2.8% increase in emerging markets sales was not enough to offset revenue shortfalls from drugs that have lost their patent protection. Sanofi’s China revenues actually rose during the quarter: they were up 5% to $477 million, though 5% represents a smaller increase than the double-digit percentage that has been the norm. More details....
Stock Symbol: (NYSE: SNY)
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