Gilead Sciences, Inc. Announces Second Quarter 2007 Financial Results

FOSTER CITY, Calif.--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq:GILD) announced today its results of operations for the quarter ended June 30, 2007. Total revenues for the second quarter of 2007 were $1.05 billion, up 53 percent compared to total revenues of $685.3 million for the second quarter of 2006. Net income for the second quarter of 2007 was $407.9 million, or $0.42 per diluted share, which included after-tax stock-based compensation expense of $34.3 million. Excluding after-tax stock-based compensation expense, non-GAAP net income for the second quarter of 2007 was $442.2 million, or $0.46 per diluted share, compared to non-GAAP net income of $292.9 million, or $0.31 per diluted share, for the second quarter of 2006.