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Incyte books $4.1M in profit as revenues rise in Q4'17

Incyte Corp. said its non-GAAP net income for the 2017 fourth quarter was $4.1 million.

Revenues climbed to $444.2 million from $326.5 million in the same quarter of 2016.

GAAP net loss totaled $149.6 million, or a loss of 71 cents per share, compared with an income of $8.9 million, or 5 cents per share, in the prior-year period.

Full-year Results

For full-year 2017, the company's non-GAAP net income totaled $131.3 million.

Revenues for the year were up to $1.54 billion from $1.11 billion in 2016.

The company said GAAP net loss totaled $313.1 million, or a loss of $1.53 per share, in the year to Dec. 31, 2017, compared with income of $104.2 million, or 54 cents per share, in 2016.