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Update: Alexion Q4 Earnings

Alexion (NASDAQ:ALXN) reported Q4 earnings and revenue that slightly beat analyst estimates. Q4 revenue increased 36% to $599 million, beating analyst estimates by $9 million. Q4 non-GAAP EPS increased 49% to $1.30, beating analyst estimates by $0.01. The growth figures were the lowest since Q2 2013 for revenue and Q4 2013 for EPS. The company guided 2015 revenue between $2.55 billion and $2.6 billion, which includes a negative FX impact of $135 million. Even if we add the negative FX impact back to the guidance, it would still be under the consensus of $2.73 billion. The company also expects a $0.30 impact on non-GAAP EPS, which should be between $5.60 and $5.80, also behind analyst estimates of $5.91. EPS guidance would have been above the current consensus if we add back the negative FX impact. I must point out that management is often conservative with its revenue and EPS guidance. In the table below, you can compare the initial annual guidance at the start of the year and what the company…