Baxalta Inc. Q3 Income Declines 3%

(RTTNews) - Baxalta Inc. (BXLT) announced earnings for third quarter that declined from last year.

The company said its profit totaled $385 million, or $0.56 per share. This was lower than $396 million, or $0.58 per share, in last year's third quarter.

The company said revenue for the quarter rose 4.6% to $1.60 billion. This was up from $1.53 billion last year.

Baxalta Inc. earnings at a glance:

-Earnings (Q3): $385 Mln. vs. $396 Mln. last year. -Earnings Decline (Y-o-Y): -2.8% -EPS (Q3): $0.56 vs. $0.58 last year. -EPS Decline (Y-o-Y): -3.4% -Revenue (Q3): $1.60 Bln vs. $1.53 Bln last year. -Revenue Change (Y-o-Y): 4.6%

-Guidance: Next quarter EPS guidance: $0.53 - $0.55