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Biogen Inc. (NASDAQ: BIIB) Q3 2020 earnings call dated Oct. 21, 2020

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Biogen tops market estimates in Q3, lowers guidance. Biogen (NASDAQ: BIIB) reported third-quarter 2020 financial results before the opening bell on Wednesday. The biotechnology giant reported a 6% decline in Q3 revenues to $3.38 billion, beating the Wall Street consensus. Earnings of $8.84 per share were also stronger than what analysts had anticipated. 

Corporate Participants:

Joe Mara — Head of Investor Relations

Michel Vounatsos — Chief Executive Officer

Alfred W. Sandrock, Jr. — Executive Vice President Research & Development

Michael McDonnell — Executive Vice President Chief Financial Officer

Analysts:

Terence Flynn — Goldman Sachs — Analyst

Marc Goodman — SVB Leerink — Analyst

Matthew Harrison — Morgan Stanley — Analyst

Umer Raffat — Evercore ISI — Analyst

Evan Seigerman — Credit Suisse — Analyst

Phil Nadeau — Cowen & Company — Analyst

Michael Yee — Jefferies — Analyst

Cory Kasimov — JPMorgan — Analyst

Ronny Gal — Bernstein — Analyst

Geoff Meacham — Bank of America — Analyst

Sumant Kulkarni — Canaccord — Analyst

Jay Olson — Oppenheimer — Analyst

Brian Abrahams — RBC Capital Markets — Analyst