- Q4 Non-GAAP EPS of$1.14beats by $0.10. - Revenue of $24.3B(+1.9%Y/Y) misses by $100M.
2023 Guidance: - Rev of $67.0 to $71.0 Billion vs. $74.23B consensus - Adjusted Diluted EPS of $3.25 to $3.45 vs $4.38 consensus
Revenues from COVID-19 products expected to grow in 2024 after reaching a low point in 2023 due to significant government supply on hand to start the year.
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Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.